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AZN Astrazeneca Plc

11,276.00
-68.00 (-0.60%)
03 Feb 2025 - Closed
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
  -68.00 -0.60% 11,276.00 11,314.00 11,320.00 11,350.00 11,232.00 11,248.00 3,209,753 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 45.81B 5.96B 3.8406 29.47 175.89B

AstraZeneca to Get $130 Million Payment as Psoriasis Drug Siliq Gets FDA Approval

16/02/2017 1:29pm

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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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