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BRIEF- Valeant and Astrazeneca to partner on Brodalumab

Published 2015-09-01, 02:05 a/m
© Reuters.  BRIEF- Valeant and Astrazeneca to partner on Brodalumab
AZN
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BHC
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Sept 1 (Reuters) - Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO :
* Valeant and Astrazeneca (LONDON:AZN) to partner on Brodalumab
* Says under the terms of the agreement, Valeant will make an up-front payment
to Astrazeneca of $100 million
* Will make additional pre-launch milestones of up to $170 million, further
sales-related milestone payments of up to $175 million following launch
* Says after approval, Astrazeneca and Valeant will share profits.
* Deal also includes additional pre-launch milestones of up to $170 million
,sales-related milestone payments of up to $175 million following launch
* Says US and EU regulatory submission planned in moderate-to-severe psoriasis
in Q4 2015
* Says the transaction is expected to complete in the fourth quarter of 2015
* Source text for Eikon ID:nCNW6nc8pa
* Further company coverage VRX.TO

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