Issue Date: August 4, 2014
AstraZeneca Acquires Drugs From Almirall
AstraZeneca will pay up to $2.1 billion for the respiratory drug business of Spain’s Almirall. The deal includes both marketed products and development-stage candidates. AstraZeneca is paying $875 million up front and the rest as products hit development and sales milestones. It also will get a subsidiary focused on devices for delivering respiratory drugs. In 2013, Almirall had sales of $1.1 billion. It will now focus on dermatology drugs and other specialty pharmaceuticals.
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