AstraZeneca and Aspen agree further transfer of anesthetics portfolio
British drugmaker AstraZeneca (LSE: AZN) has sold the remaining rights to its anesthetics division to Aspen Pharma (JSE: APN), a South African firm with a $10 billion market cap.
Under the terms of a June 2016 agreement AstraZeneca sold the exclusive commercialization rights to the medicines in markets outside the USA. Now, Aspen will acquire remaining IP and manufacturing rights for $555 million.
The deal relates to the established products EMLA (lidocaine and prilocaine), Xylocaine/Xylocard/Xyloproct (lidocaine hydrochloride), Marcaine (bupivacaine hydrochloride), Naropin (ropivacaine hydrochloride), Carbocaine (mepivacaine) and Citanest (prilocaine).
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