Anglo-Swedish drugmaker AstraZeneca (LON: AZN) has announced it will buy a 55% stake in Dutch cancer drugmaker Acerta Pharma.
A statement on the company’s website confirmed the $4 billion deal which will provide AstraZeneca with a potential best-in-class irreversible oral Bruton’s tyrosine kinase (BTK) inhibitor, acalabrutinib.
AstraZeneca will pay an initial upfront consideration of $2.5 billion followed by an unconditional payment of $1.5 billion on receipt of the first regulatory approval for acalabrutinib for any indication in the US, or the end of 2018, depending which is first.
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