www.fdanews.com/articles/177509-az-hands-over-rights-of-dermatitis-candidate-to-leo-for-over-1b
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AZ Hands Over Rights of Dermatitis Candidate to LEO for Over $1B
July 13, 2016
AstraZeneca is selling the rights for its atopic dermatitis candidate tralokinumab to LEO Pharma in an agreement potentially worth more than $ 1 billion.
LEO will pay $ 115 million up front for the treatment monoclonal antibody — which is currently in Phase 2 development — as well as up to $1 billion in commercially-related milestones.
Tralokinumab is also in Phase 3 development for the treatment of severe asthma, although AstraZeneca will retain the rights to tralokinumab for respiratory diseases and other indications outside of dermatology.