AstraZeneca Sells Seroquel Rights to Cheplapharm

Date : 12/03/2019 @ 7:47AM
Source : Dow Jones News
Stock : AstraZeneca PLC (AZN)
Quote : 50.17  1.23 (2.51%) @ 1:00AM
After Hours
Last Trade
Last $ 50.17 ◊ 0.00 (0.00%)

AstraZeneca Sells Seroquel Rights to Cheplapharm

Astrazeneca (LSE:AZN)
Historical Stock Chart

3 Months : From Nov 2019 to Feb 2020

Click Here for more Astrazeneca Charts.
   By Adriano Marchese 

AstraZeneca PLC (AZN.LN) said Tuesday that it has agreed to sell the commercial rights to the drugs Seroquel and Seroquel XR in the U.S. and Canada to Cheplapharm Arzneimittel GmbH for an upfront payment of $35 million.

The U.K. pharmaceutical company said that as well as the upfront payment, there may also be future sales-contingent payments of up to $6 million.

The company said the agreement doesn't impact the company's financial guidance for 2019 and that the agreement became effective upon signing.

"This divestment supports our strategy of reducing the number of mature medicines to enable reinvestment in our main therapy areas," said Ruud Dobber, executive vice president of the biopharmaceuticals business unit.


Write to Adriano Marchese at


(END) Dow Jones Newswires

December 03, 2019 02:32 ET (07:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest AZN Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.