More divestments announced by AstraZeneca

6 November 2018

Adding to a flurry of divestments to concentrate on its core therapy areas, AstraZeneca (LSE: AN) has entered into another agreement with Swiss firm Covis Pharma to sell its rights to the medicines Alvesco (ciclesonide), usedfor the treatment of persistent asthma, and Omnaris and Zetonna(ciclesonide), used for the treatment of nasal symptoms associated with rhinitis.

AstraZeneca’s shares were down 1.96% at £57.62 by early afternoon today.

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