AstraZeneca terminates Valeant's brodalumab rights in Europe
Anglo-Swedish drugmaker AstraZeneca (LSE: AZN) has terminated Valeant Pharmaceuticals’ (TSX: VRX) right to develop and commercialize brodalumab in Europe, according to a statement.
It follows an announcement earlier that exclusive rights to develop and commercialize the IL-17 receptor monoclonal antibody have now been granted to LEO Pharma.
Brodalumab is currently under regulatory review for the treatment of moderate-to-severe plaque psoriasis.
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