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07.06.201706:55:00UTC+00AstraZeneca sells Zomig migraine drug rights

AstraZeneca announced on Wednesday its plan to sell the rights to its migraine drug Zomig to German company Grunenthal for up to $302 million.

Upon completion, AstraZeneca is expected to receive $200 million and up to $102 million more on hitting future milestones.

The pharmaceutical company said the deal will be complete this month.



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