AstraZeneca Strikes $6.9 Billion Cancer Deal With Japanese Drugmaker

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AstraZeneca strikes a $6.9 billion deal with a Japanese drugmaker as part of its heavy investment in cancer research

AstraZeneca PLC has agreed to pay Japan’s Daiichi Sankyo Co. up to $6.9 billion for part of the rights to a promising next-generation cancer treatment, as the Anglo-Swedish pharmaceutical group continues to strengthen its oncology drug pipeline.

The agreement for Daiichi Sankyo’s antibody drug conjugate trastuzumab deruxtecan includes a $1.35 billion upfront payment, with additional amounts based on regulatory and sales milestones, and other contingencies.

 

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I have to say even by the standards of the onco space, this looks like a pricey deal. It sure puts to bed any idea that CNese lo-balling me-too onco mols are going to break the existing pricing model in developed markets any time soon!!

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AstraZeneca inks $6.9 billion cancer drug pact with Japanese pharma firm Daiichi SankyoAstraZeneca and Japan's Daiichi Sankyo signed a potential multibillion-dollar deal to develop and sell Daiichi's cancer drug trastuzumab deruxtecan. Bpjs
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