AZ completes US Aralez agreement for Toprol-XL 31 October

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
AZ completes US Aralez agreement for Toprol-XL

31 October 2016 13:45 ASTRAZENECA COMPLETES AGREEMENT WITH ARALEZ FOR BETA-BLOCKER MEDICINE TOPROL-XL IN THE US AstraZeneca today announced the completion of its agreement (https://www.astrazeneca.com/media-centre/press -releases/2016/astrazeneca-enters-agreement-with-aralez-for-beta-blocker -medicine-in-the-us-04102016.html) with Aralez Pharmaceuticals Trading DAC, a subsidiary of Aralez Pharmaceuticals Inc., for the rights to branded and authorised generic Toprol-XL (metoprolol succinate) in the US. Toprol-XL is a beta-blocker medicine for the control of hypertension (high blood pressure), angina (chest pain) and heart failure, first approved in the US in 1992. Under the agreement, AstraZeneca has received $175 million for the rights to Toprol-XL tablets in the US, and the authorised generic medicine marketed by Par Pharmaceuticals. Aralez will also pay AstraZeneca up to $48 million in milestone and sales-related payments, as well as mid-teen percentage royalties on sales. As AstraZeneca will retain an ongoing interest in Toprol-XL in the US through the ongoing milestones, royalties and product supply, these payments will be reported as Externalisation Revenue in the Company's financial statements. About AstraZeneca AstraZeneca is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialisation of prescription medicines, primarily for the treatment of diseases in three main therapy areas - Oncology, Cardiovascular & Metabolic Diseases and Respiratory. The Company also is selectively active in the areas of autoimmunity, neuroscience and infection. AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. For more information, please visit www.astrazeneca.com and follow us on Twitter @AstraZeneca. Media Enquiries Neil Burrows UK/Global +44 203 749 5637 Vanessa Rhodes UK/Global +44 203 749 5736 Karen Birmingham UK/Global +44 203 749 5634 Rob Skelding UK/Global +44 203 749 5821 Jacob Lund Sweden +46 8 553 260 20 Michele Meixell US +1 302 885 2677 Investor Relations Thomas Kudsk Larsen +44 203 749 5712 Craig Marks Finance, Fixed Income, M&A +44 7881 615 764 Henry Wheeler Oncology +44 203 749 5797 Mitchell Chan Oncology +1 240 477 3771 Lindsey Trickett Cardiovascular & Metabolic Diseases +1 240 543 7970 Nick Stone Respiratory +44 203 749 5716 Christer Gruvris Autoimmunity, neuroscience & infection +44 203 749 5711 US toll free +1 866 381 7277 Adrian Kemp Company Secretary, AstraZeneca PLC

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Arizona Voters Demand Clear Plans for 2026 Election

Updated Category News Views 3

A Shift in Voter Expectations: Clear Actions Needed Arizona voters have spoken, and they aren't looking for the same old political song and dance anymore. They crave something meatier—action, not just words. Heading into the 2026 general election, folks in the Grand Canyon State are demanding concrete solutions and straightforward answers from those who seek to lead...

Continue Reading
Menopause Policy Advocacy Takes Center Stage in DC

Updated Category News Views 5

Unlikely Spotlight on Menopause at Capitol Hill If you told me a couple of years back that menopause would become a front-page political issue, I would've laughed. Yet, here we are, with over 125 advocates from 29 states converging on Washington, D.C., demanding legislative action on menopause. Why Menopause Matters in Policy The fact that more than half the population is...

Continue Reading
California Accelerates AI Law with Newsom's Bold Move

Updated Category News Views 3

Pushing AI Regulations into High Gear I'll tell you what—it's about time somebody shook things up in the AI world with more than empty promises. Governor Newsom's executive order is doing just that, fast-tracking the timeline for implementing California's SB 813. This move is like giving speed boots to the legislative process, revving up the rules to ensure AI doesn't...

Continue Reading
Portland Craft Chocolate Fest: Oct. Flavor Fiesta

Updated Category News Views 4

If you're a chocolate lover residing in or around the Portland area, you're in for a treat. The Portland Craft Chocolate Festival is back, running from October 2-4. This festival is not just any community event; it's going to be a massive chocolate bonanza featuring over 45 local chocolate artisans, bakers, and confectioners. And let me tell you, this year they’re...

Continue Reading
FOSSI Opens 2027 Applications for Future STEM Leaders

Updated Category News Views 3

Paving Pathways in the Chemical Industry There's something brewing that's got me eyeing the future with cautious optimism, and it doesn't involve hedge funds or earnings reports. It's the Future of STEM Scholars Initiative (FOSSI) playing its cards just right, planting seeds for tomorrow's innovators. This puppy opened the gates for 2027 applications, and for young brains...

Continue Reading
IRS Views Challenge Tax-Engineered Healthcare Schemes

Updated Category News Views 4

Nonprofit Models Shine Amid IRS Scrutiny Out in Oxnard, California, there's a brewing storm in the healthcare sector. No, it's not a billing error or yet another scandal. We're talking about a seismic shift that could poke holes in those tax-engineered Section 105(b) programs, all thanks to some hard-hitting IRS memoranda. The Nonprofit–TPA Model: A Safer Bet? Enter...

Continue Reading
Wounded Warrior Project Honors Veterans at Gala Dinner

Updated Category News Views 4

Wounded Warriors Gala: A Night of Heroic Honors In the swirling hum of Washington's gala scene, the Wounded Warrior Project (WWP) cuts through the noise with a sharp and poignant reminder of patriotism and community support. Their Courage Awards & Benefit Dinner®, pumped with the gravitas of corporate backing from the likes of Goldman Sachs, showcased a heartfelt...

Continue Reading
Ensuring Your Radon Mitigation System Stays Effective

Updated Category News Views 2

Radon Mitigation: A Critical Measure for Home Safety Homeowners, you're probably aware of the ticking health time bomb known as radon. Not just an annoying gas, this colorless, odorless beast lurks quietly, threatening family health if not managed right. Mitch Kelley, a specialist in radon testing with Basement Solutions in Mankato, Minnesota, lays out a no-fuss guide to...

Continue Reading
Buffett Steps Down, New Faces at Berkshire Hathaway

Updated Category News Views 6

End of an Era: Warren Buffett's Retirement Warren Buffett—there's a name that's echoed through the halls of investment for decades. Today, he's pulling down the curtain as Chairman of Berkshire Hathaway (NYSE: BRK). No fanfare, just a nod to the inevitable with his classic, humor-tinged confession: 'Father Time always wins.' Can’t argue with the man who’s seen the...

Continue Reading
Kobold Press Explores Roleplaying as Literacy Tool

Updated Category News Views 5

Gaming Illuminates Pathways to Literacy and Community Trust me, when an indie game publisher like Kobold Press makes waves, it's worth paying attention. They've carved a niche in the roleplaying world by marrying traditional game elements with valuable educational tools. The thrill of the game goes beyond rolling dice; it's a ticket to improving literacy, arithmetic, and...

Continue Reading

Top 5 Most Recently Viewed Articles

GreenFirst Forest Products Receives Court Approval for Spin-Out

Updated Category News Views 90

GreenFirst Forest Products Inc. (TSX: GFP) made headlines back when the Ontario Superior Court greenlit its spin-out plan for Kap Corporation shares, but let’s not sugarcoat it: traders weren’t exactly throwing confetti. This move aimed to distribute one share of Kap for every hundred shares held in GreenFirst, but you know how these things go—optimism isn’t...

Continue Reading
Nevada King Gold Corp Collaborates with Investor Relations Firm

Updated Category News Views 248

Nevada King Gold Corp Engages Investor Relations Partner Nevada King Gold Corp. (TSXV:NKG) has recently announced a promising collaboration with Outside The Box Capital Inc., a renowned marketing firm located in Toronto. This partnership aims to enhance investor relations and boost the company’s marketing efforts over the upcoming six months. The focus is on...

Continue Reading
What to Expect from Raymond James Financial's Upcoming Earnings

Updated Category News Views 128

Understanding the Upcoming Earnings Report of Raymond James Financial As investors eagerly await the quarterly earnings report from Raymond James Financial (NYSE: RJF), anticipation is building around what insights the firm will share. The earnings announcement is set to take place soon, and analysts have high expectations. Analysts' Earnings Expectations For the upcoming...

Continue Reading
NeuroVice Unveils Revolutionary Device for Seizure Care

Updated Category News Views 202

NeuroVice Launches a Groundbreaking Device for Seizure Management In a significant advancement for seizure management, NeuroVice has introduced PATI, the first FDA-cleared medical device designed specifically to protect against oral injuries and assist with airway management during seizures. This product debut will take place at a prominent annual meeting focused on...

Continue Reading
Solaris Resources Enhances Partnerships with Indigenous Groups

Updated Category News Views 109

Solaris Resources Enhances Partnerships with Indigenous Groups HIGHLIGHTS: Formation of an Inter-Institutional Working Group ratified by signing a Letter of Intent (LOI) with the Arutam Shuar People (PSHA). Completion of a comprehensive infill resource drilling program at Warintza, leading to an updated Mineral Resource Estimate (MRE). QUITO, Ecuador — Solaris Resources...

Continue Reading