# AstraZeneca plc agrees to buy US FDA Priority Review Voucher from Sobi

- Link: https://www.directorstalkinterviews.com/astrazeneca-plc-agrees-to-buy-us-fda-priority-review-voucher-from-sobi/412791003
- Published: 2019-08-22T07:30:39+01:00
- Author: Amilia Stone

**[AstraZeneca plc](https://www.directorstalkinterviews.com/ftse-company/astrazeneca/azn.l)**(
[LON:AZN](https://www.directorstalkinterviews.com/ftse-company/astrazeneca/azn.l))
today announced that it has agreed to buy a US Food and Drug Administration Priority
Review Voucher for a total cash consideration of $95m from a subsidiary of Swedish
Orphan Biovitrum AB.

A PRV entitles the holder to FDA priority review of a single New Drug Application
or Biologics License Application, which reduces the target review time and may potentially
lead to an expedited approval.

The transaction is subject to clearance under the Hart-Scott Rodino (HSR) Antitrust
Improvements Act.

For the purposes of the UK Listing Authority’s Listing Rule LR 10.4.1 R (Notification
of class 2 transactions), the total book value of gross assets attributable to the
PRV is equivalent to the full consideration of $95m. No operating profit or loss
was attributable to the PRV in prior accounting periods at Sobi.

_AstraZeneca plc is a global, science-led biopharmaceutical company that focuses
on the discovery, development and commercialisation of prescription medicines, primarily
for the treatment of diseases in three therapy areas – Oncology, CVRM, and Respiratory.
AstraZeneca operates in over 100 countries and its innovative medicines are used
by millions of patients worldwide. For more information, please visit astrazeneca.
com and follow us on Twitter @AstraZeneca. _

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