AstraZeneca attractive in near term but patent cliffs loom, says broker
AstraZeneca's project pipelines means it has positive near-term prospects, but Jefferies lowered earnings forecasts
Company
LON:AZN
AstraZeneca is one of the world's leading pharmaceutical companies, with a broad range of medicines designed to fight disease. AstraZeneca has over 67,000 empolyees and operates in over 100 countries with growing presence in important emerging markets.
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AstraZeneca's project pipelines means it has positive near-term prospects, but Jefferies lowered earnings forecasts
Shore reiterated a price target of £127 by the end of 2023, up from almost £114 currently.
Shore Capital Group Ltd reiterated its recommendation that AstraZeneca was a buy after strong quarterly results
Last year's acquisition of Alexion and a "favourable product mix" had a positive impact
The new product is being developed jointly by AZ and UK group Avillion
Beyfortus is the first and only single-dose respiratory syncytial virus (RSV) passive immunisation for the broad infant population
The UK pharma is one of several firms embroiled in US legal action over possible kidney damage
Eosinophilic esophagitis is a rare, progressive, chronic inflammatory disease of the oesophagus, which can lead to difficulty with swallowing, pain, food getting stuck and anxiety
The HIMALAYA Phase III trial showed that a single priming dose of Imjudo added to Imfinzi reduced the risk of death by 22% compared with sorafenib
AstraZeneca core average earnings per share will fall 5.5% predicts Credit Suisse
Shore Capital is one of 21 banks and brokers following AZ that are bullish on the outlook for the Anglo-Swedish drugs giant and its share price
An antibody response in the respiratory mucous membranes was seen in only a minority of participants in the trial, which was in the first of usually three phases of clinical testing, the University of Oxford said in a statement
The treatment has been approved in Japan for severe bronchial asthma where high-dose traditional corticosteroids don’t work
The nod from the European Commission paves the way for the first long-acting C5 inhibitor for generalised myasthenia gravis
The drug will be used as a maintenance treatment in women with an advanced form of ovarian cancer
Evusheld has been shown to significantly reduce the risk of severe COVID-19 or death
If Beyfortus receives marketing approval, it would be the first single-dose preventative therapy for RSV for infants
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