AZ buys Acerta

December 21, 2015

BRITISH pharmaceuticals group AstraZeneca (AZ) announced last week that it had agreed to buy a 55% share of Dutch and US based Acerta Pharma, which is developing an oncology therapy according to a report in Yahoo! News. AZ will pay $2.5b upfront, then a further $1.5b once Acerta’s experimental drug acalabrutinib wins regulatory approval from US authorities or else by the end of 2018. Acalabrutinib has reportedly demonstrated some activity in treating leukemia and autoimmune diseases such as lupus while other research in the company’s portfolio extends to other cancers, respiratory diseases and diabetes therapies. With shareholders’ blessing, AZ has the option of buying the remaining 45% of Acerta for around $3b conditional upon the drug gaining regulatory approval the report said.

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Pharmacy Daily | AZ buys Acerta

AZ buys Acerta

Other recent headlines

PD breaking news – Pharmacists to administer NIP vaccinations in aged care

PD breaking news – Top Western Australian talent honoured

Legal action for Montu

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES