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Deal Watch: AstraZeneca Continues Divestments By Offloading US/Canada Seroquel Rights

 
• By Joseph Haas

Pharma sells the rights to Germany’s Cheplapharm, which obtained EU/Russia rights in October. Cerecor will acquire Aevi Genomics for $16.1m plus contingent value rights.

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Scrip regularly covers business development and deal-making in the biopharmaceutical industry. Deal Watch is supported by deal intelligence from Strategic Transactions.

AstraZeneca PLC continued its multi-year spree of mature asset divestitures on 3 December, selling off US and Canadian commercial rights to Seroquel/Seroquel XR (quetiapine fumarate, immediate- and extended-release formulations) to Germany’s Cheplapharm Arzneimittel GmbH for $35m in upfront cash plus

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