AstraZeneca terminates Valeant's brodalumab rights in Europe

1 July 2016

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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