AstraZeneca, Forest Labs Ink Ceftaroline Deal
12 August 2009 - 6:32PM
Dow Jones News
U.K. pharmaceutical company AstraZeneca PLC (AZN.LN) Wednesday
said it inked a deal to develop and sell an experimental
anti-infection treatment from Forest Laboratories Inc. (FRX) in
Europe and other territories.
The drug, ceftaroline, is being developed by U.S.-based drug
developer Forest for the treatment of complicated skin infections
and a form of pneumonia. It has been shown to be effective against
bugs like MRSA.
The deal with AstraZeneca covers all territories excluding the
U.S., Canada and Japan. AstraZeneca will take over clinical
development and apply for regulatory approval of ceftaroline in
these territories. It said it intends to file for marketing
authorization in Europe by the end of 2010.
AstraZeneca said it will pay Forest a fee, royalties on sales
and payments for reaching certain sales milestones. Further
financial details weren't disclosed.
Demand for new anti-infection drugs is being driven by the
ever-increasing development of bacterial resistance to current
antibiotics.
AstraZeneca wants to build a franchise in the treatment of
infection and has a research facility dedicated to its study in the
U.S.
In July, it said it would continue development of CytoFab, an
experimental treatment for severe sepsis licensed from BTG PLC
(BGC.LN).
Company Web site: www.astrazeneca.com
-By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272;
jason.douglas@dowjones.com