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Astra Signs Obesity Drug Deal in China Worth Up to $18.5 Billion

AstraZeneca agreed to pay Chinese company CSPC Pharmaceutical Group Ltd. as much as $18.5 billion for its obesity drug candidates, as the UK drugmaker tries to push into the growing weight-loss market.
AstraZeneca
The deal also gives Astra access to technology that could enable monthly dosing, one of the hottest targets as drugmakers compete for the next generation of weight-loss products. (Shutterstock)

AstraZeneca Plc agreed to pay Chinese company CSPC Pharmaceutical Group Ltd. as much as $18.5 billion for its obesity drug candidates, as the British drugmaker tries to push into the growing weight-loss market.

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