(Reuters) – AstraZeneca said on Tuesday it would sell rights to its cholesterol drug, Crestor, to German pharmaceutical company Grnenthal GmbH for an upfront payment of $320 million.
The deal will give Grnenthal rights to sell Crestor and associated medicines in more than 30 countries in Europe, except UK and Spain, AstraZeneca said.
(Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by Saumyadeb Chakrabarty)
