Blueprint
FORM
6-K
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
Report
of Foreign Issuer
Pursuant to Rule
13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For the
month of December 2016
Commission File
Number: 001-11960
AstraZeneca
PLC
1
Francis Crick Avenue
Cambridge
Biomedical Campus
Cambridge CB2
0AA
United
Kingdom
Indicate by check
mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F X
Form
40-F __
Indicate by check
mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Indicate by check
mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ______
Indicate by check
mark whether the registrant by furnishing the information contained
in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes __ No
X
If
“Yes” is marked, indicate below the file number
assigned to the Registrant in connection with Rule
12g3-2(b): 82-_____________
23 December 2016 07:00
ASTRAZENECA COMPLETES SALE OF SMALL
MOLECULE ANTIBIOTICS BUSINESS TO PFIZER
AstraZeneca
today announced that it has completed the agreement with
Pfizer Inc. for the sale of the commercialisation and development
rights to its late-stage small molecule antibiotics business,
comprising the approved antibiotics Merrem, Zinforo and Zavicefta, and ATM-AVI and CXL, which
are in clinical development.
Under
the agreement, AstraZeneca has received a payment of $550 million
for the commercialisation and development rights to the late-stage
antibiotics business in all markets where AstraZeneca holds the
rights. In addition, Pfizer will pay a further $175 million in
January 2019, up to $250 million in commercial, manufacturing and
regulatory milestones, up to $600 million in sales-related payments
as well as recurring, double-digit royalties on future sales of
Zavicefta and ATM-AVI in
certain markets.
As
AstraZeneca will not maintain a significant future interest in the
late-stage small molecule antibiotics business, all payments will
be reported as Other Operating Income in the Company's financial
statements. The $550 million upfront and $175 million unconditional
payment will both be booked in the fourth quarter of 2016, net of a
product intangible.
About AstraZeneca
AstraZeneca is a global, science-led biopharmaceutical company that
focuses on the discovery, development and commercialisation of
prescription medicines, primarily for the treatment of diseases in
three main therapy areas - Oncology, Cardiovascular &
Metabolic Diseases and
Respiratory. The Company also is selectively active in the areas of
autoimmunity, neuroscience and infection. AstraZeneca operates in
over 100 countries and its innovative medicines are used by
millions of patients worldwide. For more information, please
visit www.astrazeneca.com and
follow us on Twitter @AstraZeneca.
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Adrian Kemp
Company Secretary, AstraZeneca PLC
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
AstraZeneca
PLC
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Date:
23 December 2016
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By: /s/
Adrian Kemp
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Name:
Adrian Kemp
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Title:
Company Secretary
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