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AZN Astrazeneca Plc

12,366.00
34.00 (0.28%)
Last Updated: 09:28:09
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Astrazeneca Plc LSE:AZN London Ordinary Share GB0009895292 ORD SHS $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  34.00 0.28% 12,366.00 12,366.00 12,370.00 12,378.00 12,314.00 12,350.00 93,380 09:28:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 45.81B 5.96B 3.8415 32.15 191.48B

AstraZeneca PLC AZ completes agreement for Rhinocort Aqua rights (8873Q)

05/12/2016 7:45am

UK Regulatory


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TIDMAZN

RNS Number : 8873Q

AstraZeneca PLC

05 December 2016

05 December 2016 07:00

ASTRAZENECA COMPLETES AGREEMENT WITH

CILAG GMBH INTERNATIONAL FOR RIGHTS

TO RHINOCORT AQUA OUTSIDE THE US

AstraZeneca today announced that it has completed the agreement with Cilag GmbH International, an affiliate of Johnson & Johnson, for the divestment of the rights to Rhinocort Aqua outside the US. Rhinocort Aqua is a nasal spray indicated for allergic and non-allergic rhinitis (inflammation of the inside of the nose), and for the treatment of nasal polyps (swelling of the nasal lining).

Under the terms of the agreement, AstraZeneca has received a payment of $330 million from Cilag GmbH International for the rights to the medicine outside the US. As AstraZeneca will not maintain a significant ongoing interest in Rhinocort Aqua, the payment will be recognised as Other Operating Income in the Company's financial statements, and will be booked in the fourth quarter of 2016.

About AstraZeneca

AstraZeneca is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialisation of prescription medicines, primarily for the treatment of diseases in three main therapy areas - Oncology, Cardiovascular & Metabolic Diseases and Respiratory. The Company also is selectively active in the areas of autoimmunity, neuroscience and infection. AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. For more information, please visit www.astrazeneca.com and follow us on Twitter @AstraZeneca.

 
 Media Enquiries 
 Neil Burrows           UK/Global                                 +44 203 749 5637 
 Vanessa Rhodes         UK/Global                                 +44 203 749 5736 
 Karen Birmingham       UK/Global                                 +44 203 749 5634 
 Rob Skelding           UK/Global                                 +44 203 749 5821 
 Jacob Lund             Sweden                                    +46 8 553 260 20 
 Michele Meixell        US                                        +1 302 885 2677 
 
 Investor Relations 
 Thomas Kudsk Larsen                                              +44 203 749 5712 
 Craig Marks            Finance, Fixed Income, M&A                +44 7881 615 764 
 Henry Wheeler          Oncology                                  +44 203 749 5797 
 Mitchell Chan          Oncology                                  +1 240 477 3771 
 Lindsey Trickett       Cardiovascular & Metabolic Diseases       +1 240 543 7970 
 Nick Stone             Respiratory                               +44 203 749 5716 
 Christer Gruvris       Autoimmunity, neuroscience & infection    +44 203 749 5711 
 US toll free                                                     +1 866 381 7277 
 

Adrian Kemp

Company Secretary, AstraZeneca PLC

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGRFSEFDDFMSEFE

(END) Dow Jones Newswires

December 05, 2016 02:45 ET (07:45 GMT)

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