AstraZeneca global pharmaceutical company merges with Acepta Pharma

AstraZeneca global pharmaceutical company merges with Acepta Pharma

18.12.2015 News

AstraZeneka global pharmaceutical company merges with Acepta PharmaOn Thursday, the British drugmaker AstraZeneca said it agreed to buy a controlling stake in the biotech company Acerta Pharma for $ 4 billion.

Analysts point out that the operations that were carried out in the health sector helped to make 2015 a record year for mergers and acquisitions.

In the legal field, the merger is profitable for pharmaceutical companies. They are used to optimize production, to unite the efforts to develop new products.

Buying Acepta Pharma will help AstraZeneca to strengthen and develop the production of drugs for the treatment of cancer at a later stage, said in an interview the executive director of AstraZeneca Pascal Soriot.

In accordance with the terms of the deal, AstraZeneca will acquire 55% stake in the Acerta. The initial payment will be paid in the amount of $ 2.5 billion. The remaining $ 1.5 billion the company will pay in 2018, or upon approval by the US regulatory authorities akalabrutinib drug that is intended for the treatment of cancer pathology.

Experts predict that if the drug is approved by regulators, the annual amount of its sales could reach $ 5 billion.

 «AstraZeneca» can buy the remaining shares «Acerta Pharma» for $ 3 billion, but it will happen after akalabrutinib get a license in the United States and Europe. And the purchase of a full package of shares would be effected in the case if the drug is successfully implemented.

The AstraZeneca has big plans aimed at merging. In November, it agreed to buy California biopharmaceutical company ZS Pharma for $ 2.7 billion in cash. This week, AstraZeneca also announced that it would buy the Japanese Takeda Pharmaceutical Company of Japan for $ 575 million.

Source: www.nytimes.com

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