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Horizon to Acquire US Rights for VIMOVO from Pozen

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POZEN (NASDAQ: POZN) today
announced that AstraZeneca AB (NYSE: AZN) and Horizon Pharma USA, Inc. (NASDAQ: HZNP) have entered into an agreement for Horizon to acquire the U.S.
rights for VIMOVO® (naproxen / esomeprazole magnesium)
delayed release tablets. Under the terms of the agreement, POZEN will
continue to receive a 10% royalty on Net Sales of products sold in the
United States, with guaranteed annual minimum royalty payments of $5
million in 2014, and $7.5 million each year thereafter, provided that
the patents owned by POZEN which cover VIMOVO® are in effect
and no generic forms of VIMOVO® are on the market. Also under
the agreement, Horizon has assumed AstraZeneca's right to lead the

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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