AZ Clears Out Three Respiratory Drugs With Sale To Covis

The drug giant's strategy of divesting old assets continues apace with the $350m sale of the ciclesonide-based drugs Alvesco, Omnaris and Zetonna to the Swiss specialty pharma group.

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AZ dusts off more non-core assets to sell • Source: Shutterstock

AstraZeneca PLC is continuing to clean out its non-core asset cupboard and is selling three respiratory drugs for $350m to Switzerland's Covis Pharma BV.

The drug major is selling off the non-US rights (but also US royalties) to Alvesco, an inhaled form of the...

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