AstraZeneca licenses respiratory drug to Insmed

October 5, 2016 11:31 AM

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AstraZeneca licenses respiratory drug to Insmed

Drugmaker Insmed Inc said it on Wednesday it had bought the rights to an experimental early-stage respiratory drug from Britain's AstraZeneca Plc in a deal worth $150 million.

AstraZeneca will get $30 million in upfront fees and $120 million in various milestone payments, Insmed said.

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