has signed a deal for the sale and rights to schizophrenia and bipolar disorder treatment Seroquel to Group for $538m.

Luye will have the rights to Seroquel and Seroquel XR in the UK, China, and other international markets such as Brazil, Australia, Saudi Arabia, Mexico, South Korea, Thailand, Argentina, Malaysia and South Africa.

Go deeper with GlobalData

  • ReportsLogo

  • ReportsLogo

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

AstraZeneca will receive $260m of the total consideration from Luye once the transaction closes.

Milestone payments will also be made to Luye based on certain activities.

The deal, which is scheduled to be completed by the end of second quarter of this year, is subject to customary closing conditions and regulatory clearances.

After completion, AstraZeneca will continue to produce and supply Seroquel and Seroquel XR to Luye聽 during a transition period.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile 鈥� free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“The agreement with Luye Pharma is in line with AstraZeneca鈥檚 strategy to focus on three main therapy areas while maximising the value from our legacy medicines like Seroquel.”

The transaction will enable AstraZeneca to focus on its three main therapy areas: oncology, cardiovascular, renal and metabolism, and respiratory.

AstraZeneca global product and portfolio strategy executive vice-president Mark Mallon said: 鈥淭he agreement with Luye Pharma is in line with AstraZeneca鈥檚 strategy to focus on three main therapy areas while maximising the value from our legacy medicines like Seroquel.

鈥淭he agreement with Luye Pharma will also ensure continued widespread patient access to important established medicines.鈥�

AstraZeneca has lost the compound patent protection for Seroquel’s formulation across the globe and also Seroquel XR’s formulation patents in the vast majority of markets.

Due to previous agreements, AstraZeneca currently holds the rights to Seroquel and Seroquel XR in Japan and Venezuela.