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AstraZeneca: Seroquel deal for Europe now complete

(CercleFinance.com) - AstraZeneca has now completed an agreement to sell the commercial rights of its anti-psychotic pill Seroquel in Europe and Russia to Germany's Cheplapharm, the drugmaker said on Monday.

Under the terms of the agreement, AstraZeneca has received a payment of 178 million dollars, with the company also set to receive future sales-contingent payments of up to 61 million dollars.

AstraZeneca has now divested the rights to Seroquel on all major international markets, including the US.

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