When the sale is final, the Swedish drugmaker, also known as Sobi, will take over marketing of the respiratory treatment Synagis in the U.S. and take on 130 AstraZeneca staffers.
As part of the deal, Sobi also gained the right to share in the U.S. profit and losses on a potential new medicine, being jointly developed by Sanofi and AstraZeneca, that targets the same lung virus Synagis treats.
AstraZeneca will get $1 billion in cash and $500 million of Sobi shares.
Pascal Soriot, AstraZeneca’s CEO, recently has shedded other medications from the drugmaker’s portfolio. In October, the drugmaker sold off its European rights to Nexium, its fading blockbuster for acid reflux.
More articles on pharmacy:
Walgreens managers lose thousands in bonuses: 3 things to know
14 pharma companies post Q3 profits over $1B
Neulasta biosimilar will get $4,175 price tag
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
