UPDATE 3-China's CSPC Pharmaceutical signs deal with AstraZeneca for weight-loss therapy ...Middle East

Devdiscourse - Opinion
source : Devdiscourse ( Middle East ) () 53
AstraZeneca will license experimental drugs for ‌obesity and weight-related conditions from CSPC Pharmaceutical Group and collaborate on additional projects, paying $1.2 billion upfront and up to $17.3 billion more if ⁠development and sales milestones are met, the Chinese drugmaker said on Friday. The deal is the latest tie-up between the two pharmaceutical giants, following collaboration in areas such as artificial intelligence. ​It expands AstraZeneca's investment in the growing obesity market led by Western rivals.

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