WINSTON-SALEM, N.C.--(BUSINESS WIRE)--Targacept, Inc. (NASDAQ: TRGT), a clinical-stage biopharmaceutical company developing a new class of drugs known as NNR Therapeutics (TM), today announced that AstraZeneca has secured an option for an exclusive license to Targacept’s product candidate TC-5619 under the terms of the parties’ collaboration agreement. As a result, AstraZeneca will make a $2.0 million payment to Targacept.
