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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Bausch Health Cos | NYSE:VRX | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 23.40 | 0.00 | 01:00:00 |
From Apr 2019 to Apr 2024
By Razak Musah Baba
LONDON--Valeant Pharmaceuticals International Inc. (VRX) will make a $130 million milestone payment to AstraZeneca PLC (AZN) following the U.S. Food and Drug Administration's approval of AstraZeneca's psoriasis drug, Siliq.
AstraZeneca has granted Valeant, an expert in dermatology, the exclusive license to develop and commercialize Siliq globally, except in Europe, Japan and some other Asian countries.
Under the terms of the agreement, AstraZeneca will receive $130 million from its U.S. partner after the first regulatory approval.
The FDA has approved Siliq (brodalumab) injections for the treatment of moderate-to-severe plaque psoriasis in adults.
AstraZeneca and Valeant are set to share profits from Siliq sales in the U.S.
AstraZeneca shares at 1220 GMT were down 1.7 pence, or 3.6%, at 45.15 pounds, valuing the company at GBP57.11 billion ($71 billion).
-Write to Razak Musah Baba at razak.baba@wsj.com
(END) Dow Jones Newswires
February 16, 2017 08:14 ET (13:14 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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