AstraZeneca buy

January 19, 2016

ASTRAZENECA overnight announced an agreement for the acquisition of a 55% stake in Netherlands-founded biotech Acerta Pharma. The US$4 billion deal includes an upfront payment $2.5 billion and a further $1.5 billion when the company’s cancer drug acalabrutinib is approved in the US. There is also an option for AZ to purchase the remaining 45% of Acerta for US$3 billion, with AstraZeneca ceo Pascal Soriot saying the deal is “consistent with our focus on long term growth and reflects the role targeted business development plays in our business model”.

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Pharmacy Daily | AstraZeneca buy

AstraZeneca buy

Other recent headlines

Peters wins top fellowship

Botanix listed on All Ords

3D films target tumours

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES