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Orexo AB Enters into Research Agreement with AstraZeneca PLC for Respiratory Disease Program

Friday, 25 Jan 2013 02:40am EST 

Orexo AB (Orexo) announced that it has entered into an agreement with AstraZeneca PLC (AstraZeneca) regarding OX-CLI, a preclinical program for a potential treatment of respiratory diseases. Under this agreement, Orexo grants to AstraZeneca rights to conduct further preclinical research and evaluation of compounds in Orexo’s OX-CLI program. AstraZeneca also has an option to acquire the compounds pertaining to the program subject to a full asset transfer agreement being executed by the parties, under which Orexo will receive development milestones and royalties on future revenues. 

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39.0 +0.86%
24 Dec 2014