Horizon to Acquire US Rights for VIMOVO from Pozen

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POZEN
POZN
today announced that AstraZeneca AB
AZN
and Horizon Pharma USA, Inc.
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
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