Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    52,086.75
    +896.82 (+1.75%)
     

  • CMC Crypto 200

    1,384.84
    +72.21 (+5.50%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

AstraZeneca sells U.S. drug rights to Perrigo for $380 mln

Reuters - UK Focus

Nov 23 (Reuters) - AstraZeneca (NYSE: AZN - news) said on Monday it had finalised plans to divest its Crohn's disease drug Entocort by selling U.S (Other OTC: UBGXF - news) . rights to the medicine to Perrigo for $380 million.

The move is part of an "externalisation" drive by the British drugmaker, which is selling non-core products to help it fill a short-term revenue gap caused by older products going off product, while investing in a pipeline of new medicines.

Entocort had U.S. sales of $89 million in the first nine months of 2015.

The deal, which is expected to complete by the end of 2015, follows AstraZeneca's sale of rights to Entocort outside the United States in July to Tillotts Pharma, part of the Zeria Group.

AstraZeneca said its earnings per share outlook for the year, which was upgraded at third-quarter results earlier this month, would not change as a result of the Perrigo transaction. (Reporting by Ben Hirschler; editing by Jason Neely)