AstraZeneca shares in demand after HSBC upgrade
Nudging up the valuation by 140p to 7,260p each, the bank said the main oncology pillars of the group – Lynparza, Tagrisso and Imfinzi – showed robust growth in the third quarter
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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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Nudging up the valuation by 140p to 7,260p each, the bank said the main oncology pillars of the group – Lynparza, Tagrisso and Imfinzi – showed robust growth in the third quarter
The drug candidate, developed with Amgen, was found to be effective and safe
It would first be distributed to care home residents, people over 80 and healthcare workers
The green light follows positive results from two Phase III clinical trials and a recommendation for approval by an EU committee
The US Food & Drug Administration green light followed a successful phase III study of the drug, also known as ticagrelor, in combination with aspirin
The drugs firm said it is on track to achieve full-year results in line with guidance despite quarterly revenue only being up 3%
Reports yesterday suggested the GPs had been told to prepare to administer a COVID-19 vaccine before Christmas.
The buyer is German pharma company Cheplapharm while the agreement will cover over 70 countries
Efficacy read-outs from the final phase of trials are expected "between now and the end of the year"
Health Secretary Matt Hancock said vaccinating health workers was not his “central expectation” though he did not rule it out
It is being investigated as an additional treatment of patients with early-stage non-small cell lung cancer
The recommendation was based on final-stage trial results for both Forxiga and Trixeo Aerosphere
The US government has provided funding of US$486mln to progress the studies
The pair are developing cancer drug DS-1062 as part of a US$6bn partnership
The organisation partnered with five clinical laboratories worldwide
A trial of the vaccine has already been halted in the US
The candidate showed promising results in early trials
Big pharma is forecast to return 46% of operating cash flow in the form of dividends and 10% in share buybacks between 2020 and 2024
There are more than six vaccines in late-stage trials currently
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US scientists are concerned about the potential neurological adverse effects of the jab