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AstraZeneca Offloads Two Mature CV Drugs For $500m

 
• By Ian Haydock

China Medical System has agreed to pay a total of $500m for selected rights to two mature AstraZeneca cardiovascular products, with the divestments set to provide new growth prospects for the Chinese firm while helping the UK-based multinational focus on innovative products in its second-largest global market.

AstraZeneca PLC is offloading to China Medical System Holdings Ltd. (CMS) selected commercial rights to two of its mature cardiovascular products with combined annual sales of around $250m in the markets being transferred.

The deal marks a step by AstraZeneca to concentrate effort on its newer drugs in China, which is now not...

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