Greifswald, 01/31/2020 – AstraZeneca and CHEPLAPHARM have agreed to transfer the commercial rights for SEROQUEL® and other related brands for the North American and the European Market (excluding the United Kingdom) to CHEPLAPHARM. This is another important acquisition of a well-known global branded product for CHEPLAPHARM in 2019.
"This investment points out that we are able to achieve the milestones we set ourselves, especially in terms of sales and earnings", said CHEPLAPHARM’s CEO Sebastian F. Braun.
The respective acquisition includes the brands SEROQUEL®, SEQUASE® and ALZEN® (API: quetiapine fumarate) and refer to the class of atypical antipsychotics. These are prescribed for schizophrenia, bipolar disorders and depression, which affect about 300 million people globally.
Until all acquired marketing authorizations in the respective countries have been transferred to CHEPLAPHARM, the production and distribution will be ensured by the seller.
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