AstraZeneca has agreed to sell the European commercial rights to hypertension and heart failure meds Atacand (candesartan cilexetil) and Atacand Plus (candesartan cilexetil/hydrochlorothiazide) to Cheplapharm Arzneimittel GmbH.

AZN will continue to manufacture and supply the products under a supply agreement and will continue to commercialize both in all markets where it retains rights.

Under the terms of the agreement, AZN will receive $200M, a time-bound payment of $10M and sales-related milestones. The deal should close this quarter.

-----------------------------------------------------------------------------------------------------------------------------------------------

Editor's Note:

To apply for becoming a contributor of en-CPhI.cn,

welcome to send your CV and sample works to us,

Email: Julia.Zhang@ubmsinoexpo.com.