
AstraZeneca has reached its biggest deal in more than a decade, agreeing to pay $6.
9 billion buy Japan's promising cancer treatment as part of its efforts to become a global oncology powerhouse.
AstraZeneca will pay Japanese pharmaceutical company Daiichi Sankei Co. $1.
The upfront cost of joint development and commercial cancer treatment of trastuumab deruxtecan is as high as $35 billion.
The companies said late Thursday that 6 billion of the additional payments were affected by sales milestones and other surprises.
They will also split development costs and commercial costs.
The deal has driven competition among large pharmaceutical companies to develop effective-and lucrative --
New treatment for cancer
Research breakthroughs like genesediting and T-
Cell manipulation has extended the lives of patients in an unprecedented way, and the global cancer treatment market has surged to $133 billion a year, becoming the most intense battlefield in the pharmaceutical field.
AstraZeneca's British rival Glaxo agreed last month to pay $4 to Merck, Germany.
Get 2 billion of the hopeful immunity-
Cancer treatment.
Cambridge, UK-
AstraZeneca, based in AstraZeneca, said it would partially fund the deal by selling shares up to $3. 5 billion.
Stocks fell five times.
2% London Friday, the most since October.
As of Thursday, they have risen about 31% over the past year, more than double the growth of Glaxo.
Bloomberg News reported earlier that AstraZeneca was considering selling shares to strengthen drug investment and balance sheets.
Pharmaceutical companies often work with partners to make expensive new drug investments to share risk and financial commitments.
The third largest Communist Party of Japan
The biggest pharmaceutical company has surged 16%-
Stock limit--to an all-
Tokyo's stock market hit early Friday.
The deal is AstraZeneca's boldest bet to date under CEO Pascal Soriot, whose mission is to make the company a cancer treatment arm.
Daiichi's treatment is one of the few recently
Stage testing may change the rules of the game in the oncology field.
Reading more: AstraZeneca drug trading is expected to receive $7 billion a year after the peak period, the first three companies replaced the CEO, UBS Securities Japan said, daiichi's treatment is believed to double the survival time of patients with advanced breast cancer from 10 months to 20 months
Analyst Atsushi Guan.
"Anything we do in this industry has a risk factor, but we are very confident that this is really a transformative drug for breast cancer patients, solio said in an interview with Bloomberg Television.
"The potential is huge, and we think it's a huge bombshell.
"This therapy combines a drug with a new delivery mechanism that selectively applies chemotherapy to cancer cells, thereby minimizing systemic exposure to patients.
The company's executives said Daiichi had spent more than ten years developing the therapy before looking for a global partner.
AstraZeneca said the deal would not affect earnings this year, but would make a "significant contribution" by 2023 ".
Daiichi said that this partnership will increase shareholder value in the medium and long term.
If the full potential payment of $6.
9 billion will be released to Japanese drugmakers, which will be AstraZeneca's biggest deal in 12 years, as it paid approximately 15 billion in 2007 for bioproducts manufacturer Medimmune LLC
For the first, tie
Stuart Mackey, head of global business development, said up was the biggest licensing deal in its history.
Although the two companies will divide the world in terms of booking sales-
Japan and the United States will become the first nuclear power plant. S.
When AstraZeneca got China, Australia, Canada and Russia, parts of Europe-
Global profits will be shared equally, they said.
The goal now is to provide treatment for patients.
Daiichi plans to submit an application to the United States. S.
Antoine Yefer, global head of cancer research and development, said the Food and Drug Administration expects regulators to respond in about 10 months by October.
This is not the first time that the two companies have contacted each other.
Local Japanese media reported in 2017 that AstraZeneca's acquisition of First pharmaceutical a year ago failed because the company tried to acquire the company's cancer portfolio.
Daiichi denied the report.
In 2015, the two announced a commercial agreement in the United States. S.
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