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Covis Completes Acquisition Of Global Respiratory Portfolio Of Two Medicines From Astrazeneca

Covis Completes Acquisition Of Global Respiratory Portfolio Of Two Medicines From Astrazeneca

01/05/22, 7:32 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CH.svgzug
Industry
health care
Covis Pharma Group (“Covis”), a global specialty pharmaceutical company that markets therapeutic solutions for patients with life-threatening conditions and chronic illnesses, announced today that Covis Pharma GmbH has completed the acquisition of Eklira® (aclidinium bromide), known as Tudorza® in the US and marketed as Bretaris® in some countries, and Duaklir® (aclidinium bromide/formoterol), marketed as Brimica® in some countries, from AstraZeneca (the “Acquisition”). Under the terms of the Acquisition agreement, AstraZeneca received a payment of $270m from Covis. AstraZeneca will also receive payments in respect of certain ongoing development costs related to the medicines.

Company Info

Company
Covis Pharma
Location
Zug, Zug, Switzerland
Company info
Covis Pharma is a private equity backed global specialty pharmaceutical company that markets therapeutic solutions in 50+ countries, for patients with life-threatening conditions and chronic illnesses. Our purpose is to turn untapped potential into global medical therapies that improve our patients' lives. Apollo Global Management, with $455 billion AUM, is the private equity sponsor of Covis Pharma.