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AZ Sells EU Rights To Former Jewel In The Crown, Crestor

Grünenthal Paying $320m Upfront

 
• By Kevin Grogan

The cholesterol lowerer Crestor, which had peak sales of over $6.60bn, helped AstraZeneca reinvigorate a flagging pipeline. Now it is deemed surplus to requirements.

Astrazeneca
AstraZeneca clearing out its non-core closet • Source: Shutterstock

AstraZeneca PLC is divesting the European rights to Crestor, its biggest earner for several years, with Germany's Grünenthal GmbH paying $320m upfront to get access to the statin which is globally still a blockbuster.

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