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AZN Astrazeneca Plc

10,842.00
-72.00 (-0.66%)
Last Updated: 14:05:15
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
  -72.00 -0.66% 10,842.00 10,840.00 10,844.00 10,934.00 10,764.00 10,914.00 411,168 14:05:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 45.81B 5.96B 3.8415 28.23 168.13B

AstraZeneca in Pact with Recordati for Heart-Drug Seloken in Europe

22/05/2017 7:46am

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LONDON--AstraZeneca PLC (AZN.LN) has entered into an agreement with Recordati S.p.A (REC.MI) for the commercial rights to AstraZeneca's heart-failure drug Seloken/Seloken ZOK and associated Logimax fixed-dose combination treatments in Europe.

AstraZeneca said Monday that Recordati will pay $300 million upon completion of the agreement. AstraZeneca will also receive sales-related income through tiered royalties, initially at a double-digit percentage of sales.

AstraZeneca said it will manufacture and supply the medicines to Recordati under a supply agreement.

 

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

 

(END) Dow Jones Newswires

May 22, 2017 02:31 ET (06:31 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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