BREAKING NEWS

BREAKING NEWS

Clinigen buys U.S. rights to Novartis' cancer drug Proleukin

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(Reuters) - British pharmaceutical firm Clinigen Group Plc said on Wednesday it acquired the U.S. rights to Swiss drugmaker Novartis AG's skin and lung cancer drug Proleukin for a total of $210 million (163 million pounds), including some future payments.

Clinigen, which now has global rights to the drug, expects the deal to add to its profitability this year, and forecast a growth in adjusted EBITDA for the six months ended December.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Gopakumar Warrier)

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