AtheroGenics Gets $50 Million Payment From AstraZeneca

ATLANTA (AP) -- Drug development firm AtheroGenics Inc. on Monday said it will receive a $50 million payment from AstraZeneca PLC after regulators cleared a licensing deal between the companies. AtheroGenics and AstraZeneca have partnered for the worldwide development and commercialization of AtheroGenics' experimental drug for treating atherosclerosis, or clogged arteries.
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