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    • AstraZeneca, Daiichi...

    AstraZeneca, Daiichi Sankyo sign $6.9 billion cancer drug deal

    GarimaWritten by Garima Published On 2019-03-29T09:15:04+05:30  |  Updated On 16 Aug 2021 11:52 AM IST

    Under the deal, AstraZeneca will pay Daiichi up to $6.9 billion, including a $1.35 billion upfront payment. The two companies will share development and commercialisation costs for the drug worldwide, with Daiichi retaining exclusive rights in Japan.


    U.S: AstraZeneca Plc and Japan's Daiichi Sankyo Co Ltd have signed a potential multibillion-dollar collaboration to develop and sell Daiichi's cancer drug trastuzumab deruxtecan.


    Under the deal, the drug firm will pay Daiichi up to $6.9 billion, including a $1.35 billion upfront payment. The two companies will share development and commercialisation costs for the drug worldwide, with Daiichi retaining exclusive rights in Japan.


    The news sent Daiichi's shares up 16 per cent, its daily limit, in morning Tokyo trading on Friday.


    Trastuzumab deruxtecan "has the potential to redefine breast cancer treatment as the first therapy for HER2 low expressing tumors," AstraZeneca Chief Executive Pascal Soriot said in a statement, referring to a type of breast cancer fueled by a protein called HER2.


    Also Read: AstraZeneca gets EU nod to diabetes drug Forxiga

    AstraZenecabreast cancerBreast Cancer Managementccancercancer treatmentDaiichi Sankyoderuxtecandrug dealhealth carehelthHER2Japanmedicalpharmapharma newspharma news indiaproteinTOKYOTrastuzumab
    Source : Reuters

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    Garima
    Garima

      Garima joined Medical Dialogues in the year 2017 and is currently working as a Senior Editor. She looks after all the Healthcare news pertaining to Medico-legal cases, MCI/DCI decisions, Medical Education issues, government policies as well as all the news and updates concerning Medical and Dental Colleges in India. She is a graduate from Delhi University. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751 To know about our editorial team click here

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