AstraZeneca in potential $1 billion dollar deal for cardiovascular drug

Share this article:
AstraZeneca announced yesterday that it has entered into a licensing deal worth up to $1 billion with for an anti-inflammatory cardiovascular drug from Alpharetta, Ga.-based pharmaceutical company AtheroGenics.
The product, AGI-1067, is an investigational oral drug for the treatment of atherosclerosis, a disease that can lead to heart attacks and strokes.
AGI-1067 is in phase III development in the Aggressive Reduction of Inflammation Stops Events (ARISE) trial. Study results are due in the second half of 2006.
AstraZeneca said in a statement that it will pay AtheroGenics an upfront fee of $50 million and development and regulatory milestones of up to $300 million with potential further sales-performance related milestones of up to $650 million.
Share this article:

Email Newsletters

More in Business Briefs

Penn and Teller give take on vaccines

The Las Vegas twosome give the anti-vaccination movement their signature treatment.

GSK allegations build in Jordan and Lebanon

GlaxoSmithKline says it is investigating allegations of employee misconduct. The company said in a statement that the allegations have numbers "very similar to those reported by other companies in our sector."

Generic Celebrex is coming

Pfizer and Teva's settlement puts generic Celebrex on the market by December.