May 7, 2018 / 1:07 PM / 6 months ago

BRIEF-Luye Pharma Group Acquires Astrazeneca's Rights Relating To Seroquel And Seroquel XR

May 7 (Reuters) - Luye Pharma Group Ltd:

* ANNOUNCES ACQUISITION OF ASTRAZENECA’S RIGHTS RELATING TO SEROQUEL AND SEROQUEL XR IN CHINA AND IN OTHER TERRITORIES

* PURCHASE PRICE FOR TRANSFERRED ASSETS AND LICENSED ASSETS IS IN AGGREGATE SUM OF US$546 MILLION

* ASTRAZENECA TO TRANSFER ASSETS & GRANT A LICENCE FOR ASSETS TO UNIT IN TERRITORIES INCLUDING CHINA, BRAZIL, AMONG OTHERS Source text for Eikon: Further company coverage:

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