Pharma BD Deal Intelligence

AstraZeneca PLC / CSPC Pharmaceutical Group Ltd.

2026 · Licensing/Option · $18.5B · Complete

CALLED IT — OFF BY 12
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Top 10 largest deals of the 2020s

Ranks computed across 826 graded deals (Critic + Outcome Score both present).

The coverage arc

Jan 30, 2026 AstraZeneca Form 6-K (CSPC collaboration) Neutral

AstraZeneca strategic collaboration with CSPC announced 30 January 2026; $1.2bn upfront, up to $3.5bn development/regulatory milestones plus commercial/sales…

Jan 30, 2026 MedCity News Bullish

AstraZeneca is expanding its prospects in cardiometabolic disease, paying $1.2 billion to begin a partnership on eight programs that include obesity drug…

Apr 28, 2026 AstraZeneca Q1 2026 Results Neutral

In April 2026, AstraZeneca closed the previously announced new strategic collaboration agreement with CSPC Pharmaceuticals... The $1.2bn upfront, the majority…

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AstraZeneca licensed up to eight experimental obesity and diabetes medications from CSPC Pharmaceutical Group, including the long-acting GLP-1R/GIPR agonist SYH2082 and three preclinical programs using CSPC's peptide discovery and LiquidGel once-monthly injectable technology. CSPC received $1.2B upfront, with up to $3.5B in R&D milestones and $13.8B in sales milestones plus royalties. AstraZeneca gets exclusive global rights outside Greater China.

Key facts

Related deals — scored

DealYearValueOutcome
AstraZeneca PLC / CSPC Pharmaceutical Group Ltd. (this deal)2026$18.5B61
AstraZeneca PLC / Daiichi Sankyo Company, Limited2019$6.9B100
AstraZeneca PLC / Alexion Pharmaceuticals Inc.2020$39.0B86
AstraZeneca PLC / Acerta Pharma2015$4.0B86
AstraZeneca PLC / Amgen Inc.2020$2.3B84
AstraZeneca PLC / MedImmune Inc.2007$15.6B82
AstraZeneca PLC / CinCor Pharma Inc.2023$1.8B78

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