AstraZeneca to Recover Global Rights to Brazikumab From Allergan

Date : 01/27/2020 @ 7:48AM
Source : Dow Jones News
Stock : AstraZeneca PLC (AZN)
Quote : 44.66  0.13 (0.29%) @ 1:00AM
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Last $ 44.66 ◊ 0.00 (0.00%)

AstraZeneca to Recover Global Rights to Brazikumab From Allergan

Astrazeneca (LSE:AZN)
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   By Ian Walker 
 

AstraZeneca PLC (AZN.LN) said Monday that it will take back the global rights to brazikumab after ending a license deal with Allergan PLC (AGN).

AstraZeneca said Allergen will fund the costs of developing brazikumab, which is used for Crohn's disease and ulcerative colitis.

The transaction is expected to complete in the first quarter of this year, subject to regulatory approvals associated with AbbVie Inc.'s (ABBV) proposed acquisition of Allergan, AstraZeneca said.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

January 27, 2020 02:33 ET (07:33 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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