Circassia completes purchase of COPD drug rights in the USA

12 April 2017
circassia_big

UK biotech firm Circassia Pharmaceuticals (LSE: CIR) has completed its agreement with AstraZeneca (LSE: AZN) to buy certain US commercial rights to two chronic obstructive pulmonary disease products.

Shares in Circassia leapt almost a quarter when the company announced the transaction in mid-March.

The products, Tudorza (aclidinium) and Duaklir (formoterol fumarate dihydrate/aclidinium bromide) were purchased for a maximum total consideration of $230 million, plus sales-based royalties.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Company News Directory

Companies featured in this story

More ones to watch >


More Features in Pharmaceutical