Allergan, AstraZeneca to co-develop drug for antibiotic-resistant infections

29 January 2016

Ireland based drug maker Allergan (NYSE: AGN) on Friday said it has agreed to jointly develop and market a trial drug combining aztreonam and avibactam to treat serious infections, with Anglo-Swedish drug major AstraZeneca (LSE: ANZ).

No financial details were disclosed. Under the terms of the deal, Allergan will maintain marketing rights for the product in the USA and Canada and AstraZeneca will maintain commercialization rights in all other countries.

David Nicholson, executive vice president, Allergan, said: "The rate of antibiotic resistance continues to increase worldwide, representing a truly global threat that requires collaboration and sustained commitment from industry and government to develop solutions. As a leader in anti-infectives, we are dedicated to the ongoing research and development of innovative products, like ATM-AVI, for patients with difficult-to-treat infections who, today, have very few or no effective options."

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