AstraZeneca (AZN) Moves Deeper into Weight Loss Market with New $18.5B CSPC Agreement
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AstraZeneca (AZN) has entered the obesity drug market with an $18.5 billion collaboration and licensing deal with CSPC Pharmaceuticals. This agreement allows AZN to develop and sell CSPC's long-acting peptide medicines and utilize its LiquidGel platform for monthly injections outside Greater China and Taiwan. The deal includes a $1.2 billion upfront payment and potential additional payments of up to $17.3 billion based on milestones. AstraZeneca aims to diversify its portfolio and compete in a market projected to exceed $100 billion, with a current Strong Buy rating from Wall Street.
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