REG - AstraZeneca PLC - AZ COMPLETES ZOMIG DIVESTMENT WITH GRÜNENTHAL <Origin Href="QuoteRef">AZN.L</Origin>

AstraZenecaAnnouncement

03/07/2017 07:00

RNS Number : 8400J
AstraZeneca PLC
03 July 2017
3 July 2017 07:00 BST
ASTRAZENECA COMPLETES DIVESTMENT AGREEMENT
WITH GRNENTHAL FOR MIGRAINE TREATMENT ZOMIG
AstraZeneca announced today that it has completed the previously-announced agreement with Grnenthal for the global rights to Zomig(zolmitriptan)outside Japan. Zomig is indicated for the acute treatment of migraines and cluster headaches, an area of medicine outside AstraZeneca's strategic focus.
The net consideration from the upfront payment received from Grnenthal will be reported as Other Operating Income in the Company's financial statements in the second quarter of 2017. Under the terms of the agreement, AstraZeneca will also receive additional future milestone payments and will continue to manufacture and supply the medicine to Grnenthal during a transition period.
About AstraZeneca
AstraZeneca is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialisation of prescription medicines, primarily for the treatment of diseases in three main therapy areas - Oncology, Cardiovascular & Metabolic Diseases and Respiratory. The Company also is selectively active in the areas of autoimmunity, neuroscience and infection. AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. For more information, please visit www.astrazeneca.comand follow us on Twitter @AstraZeneca.
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