AstraZeneca inks $6.9 billion cancer drug pact with Japanese pharma firm Daiichi Sankyo

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AstraZeneca inks $6.9 billion cancer drug pact with Japanese pharma firm Daiichi Sankyo
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AstraZeneca and Japan's Daiichi Sankyo signed a potential multibillion-dollar deal to develop and sell Daiichi's cancer drug trastuzumab deruxtecan.

The medicine"has the potential to redefine breast cancer treatment," AstraZeneca's CEO said.

UK pharma giant AstraZeneca and Japan's Daiichi Sankyo have signed a potential multibillion-dollar collaboration to develop and sell Daiichi's cancer drug trastuzumab deruxtecan. 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 commercialization costs for the drug worldwide, with Daiichi retaining exclusive rights in Japan.

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