AstraZeneca’s presence in China boosted by Lynparza approval for ovarian cancer
Analysts said the prevalence of the BRCA-mutated ovarian cancer is higher in China and the approval will boost AstraZeneca’s already strong performance in the region
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.
1076 stories · page 7 of 11
Analysts said the prevalence of the BRCA-mutated ovarian cancer is higher in China and the approval will boost AstraZeneca’s already strong performance in the region
It is selling the North American rights to its anti-psychotic products Seroquel and Seroquel XR. This is part of the Anglo-Swedish giant's focus on its core R&D portfolio and bunch blockbusters it owns
AZ wants to offer Imfinzi to people with late-stage small cell lung cancer
Since the Frenchman took the helm in October 2012, the drug giant's share price has increased by over 160%
Qtrilment, already approved in the US, comes in tablets and helps adults to control the level of sugar in the blood
The application is for the use of selumetinib in children aged three years and older.
Mereo and Evgen's drugs both stumbled as phase 2 trials yielded disappointing results, but an AstraZeneca-style turnaround could be around the corner
The FTSE 100-listed company said 47.8% of patients in phase III achieved a reduction of symptoms compared to 31.5% of those who used placebo
Roxadustat could generate US$5bn in annual revenues, according to Shore Capital analysts
Consensus is at US$1.3bn, although Shore Capital sees potential for up to US$5bn revenues if the US authorities do not deem necessary to include heart condition risks on the drug’s label
Patent expiries have slowed Astra’s sales over the last few years, which retreated to $21bn in 2017, down from a peak of $34bn six years earlier
Product sales grew 16% in the third quarter, up from 12% in the first half of the year
Archive
The blue-chip benchmark finished ahead by 67.51 points at 7,328.25 on the day
Prudential completes its M&G demerger on Monday, with the week also seeing WPP and Travis Perkins follow recent profit warnings from rivals and Reckitt Benckiser's new CEO makes his debut
“Trastuzumab deruxtecan has the potential to transform the treatment landscape for patients with HER2-positive metastatic breast cancer"
Fasenra sales surged 244% in its latest quarter to US$296mln as it became the preferred novel-biologic medicine for the treatment of severe asthma.
ADC Therapeutics, a Swiss biotech, expects to lead the pack with a $200 million offering
Both pharma companies' PARP inhibitor drugs reduced disease progression and death by up to 40% in clinical trials
Top-line data earlier this year only revealed that the drugs in those studies achieved “statistically significant” results, but Astra has now been able to quantify their effects
Breztri Aerosphere, even when taken in smaller doses, was shown to be much more effective in reducing the number of exacerbations suffered by COPD patients than current drugs
Amryt has a chance of being awarded a priority review voucher, which sell for several times more than the company’s current market cap
Astra will now be able to treat all Chinese patients living with chronic kidney disease who experience anaemia, regardless of whether they require dialysis
Astra had been hoping to show that the combination of Imfinzi and tremelimumab was more effective in treating certain lung cancer patients than chemo
Only five years ago, AstraZeneca’s Symbicort inhaler generated more sales than all of the firm’s cancer drugs combined. The same can’t be said any more…
Farxiga, when combined with current standard of care, was able to reduce the risk of cardiovascular death and the worsening of heart failure
AstraZeneca is competing with GSK to win the race to become the go-to maintenance treatment for people who have been treated for ovarian cancer
Revenue beat forecasts by 5%, while operating profit was particularly impressive, coming in some 17% ahead of expectations
Archive
There were mixed messages in Mario Draghi's update on Thursday
Archive
With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
Jonathan Symonds will be the man tasked with overseeing the mega merger of GSK and Pfizer’s consumer healthcare businesses
Archive
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
Zejula demonstrated a “statistically significant” improvement in progression free survival – the length of time a patient lives with the disease but it doesn’t get worse
Imfinzi recently showed in a late-stage study that, when combined with chemotherapy, it had a “clinically meaningful” effect on overall survival
The Committee for Medicinal Products for Human Use (CHMP) recommended that diabetes medicine Forxiga should have its marketing authorisation updated to include cardiovascular data from recent clinical trials
Pharma giant had been targeting annual peak sales of $2bn for the drug, of which $400mln was from ovarian cancer
Interim analysis of a phase III clinical trial has revealed that after 12 months, 88% of people saw no progression of the disease if they were given the drug
The results will “serve as the foundation for regulatory submissions later this year", said AZ’s vice president of oncology, José Baselga
Results from the trial of Lynparza showed “statistically significant and clinically meaningful improvement” in the time patients could live without their disease getting worse
Essentially, immuno-oncology involves developing drugs that use the body’s own immune system to fight cancers
Archive
Stock market sage Bernard Lasker once said: “I can feel it coming...A whole new round of disastrous speculation, with all the familiar stages in order: blue-chip boom, then a fad for secondary issues, then an over-the-counter play, then a g
Asset Manager Janus Henderson is predicting that global dividend pay-outs will reach almost US$1.5trn in 2019
“Drug companies have to come clean about their prices in TV ads. If drug companies are ashamed of those prices – lower them!”
Qternmet XR will be prescribed alongside diet and exercise advice to people to improve glycaemic control
Archive
A look at some of the biggest risers and fallers in London on Monday
The oncology portfolio has helped to turn around Astra’s product sales, which for years had been falling as key drugs went off-patent
Investments and investor services
The UK blue-chip index finished down nearly six points at 7,428 on Friday
Archive
Alongside RBS, AstraZeneca, Just Eat, WPP and Pearson are all due to publish first-quarter trading updates on Friday
Investments and investor services
The UK blue-chip index finished up around 63 points at 7,523
Basic measures like dividend cover suggest a number of blue chips might be struggling to maintain their payouts at current levels
Archive
The Week Ahead will bring updates from the likes of Royal Bank of Scotland and Barclays, plus drugs giant AstraZeneca, and media groups WPP, Pearson and WPP
Liberum thinks trastuzumab deruxtecan can generate peak sales of more than US$3bn, given the drug’s potential in a host of cancer indications
Astra has affected a “momentous turnaround” in sales growth, but it has struggled to turn that top-line momentum into cash flow, according to UBS
A breakthrough therapy designation is designed to expedite the development and review of medicines that are intended to treat a serious condition and have shown promise in early-stage clinical trials
Two of its COPD drugs, Tudorza and Duaklir, have been given the thumbs-up from US regulators
The £2.7bn share placing will be used to make an upfront payment to Daiichi Sankyo, which has developed a potentially breakthrough new treatment for breast cancer
Investments and investor services
Footsie closed at 7,279, up nearly 45 points on the day
“We look forward to bringing Forxiga to a patient population that has not had any approved oral medicines available before," said Elisabeth Björk, AZ’s head of cardiovascular, renal and metabolism
Investments and investor services
Bercow says the government can only bring back the vote if there has been substantial 'change' to the Brexit deal
The UK's premier share index closed down around 32 points at 7,074
Archive
Its set to be a busy day for blue-chip news in London on Thursday.
Lynparza though showed significantly increased rates of survival in the phase III POLO trial
The company said during the trial Brilinta, when taken in conjunction with aspirin, had shown “a statistically-significant reduction” in major adverse cardiovascular events, such as heart attacks or strokes, compared to taking aspirin alone
Archive
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Patent expiries on key blockbusters such as Crestor and Seroquel have put a huge dent in sales over the past decade or so, but Astra returned to growth in 2018
Archive
FTSE 100 closed up just over six points at 7,197, while FTSE 250 shed over 74 at 18,898
Archive
AstraZeneca, Indivior and Coca-Cola HBC are among the higher profile names in the schedule for Thursday.
Archive
The UK's premier share index added almost 58 points at 7,129, while the FTSE 250 also gained ground
Archive
Aside from all the company news, the Week Ahead also brings the latest UK inflation and GDP growth data for investors to digest, while the Brexit saga will continue to roll on
MEDI8897 is being developed as a treatment for a respiratory syncytial virus – a major cause of lower respiratory tract infection which affects around 90% of children under two
JPMorgan's European Best Equity Ideas list summarises the bank’s EMEA Equity research team’s views and top picks, covering both strategy and sector contributions
Baselga resigned from his position as physician-in-chief at Memorial Sloan Kettering Cancer Center last year amid reports that he had failed to disclose payments from healthcare companies in some of his research articles
On the agenda at this year's Biotech Showcase is a panel discussion entitled “Cell and gene therapy: The financing surge” featuring Orgenesis CEO Vered Caplan
Investments and investor services
For Ocado, it was a case of "eat my shorts" as short sellers got burnt while for BATS, not enough cigarettes got burnt as e-cigarettes rose in popularity
Lynparza improved response rates in a subset of ovarian cancer patients, while Roxadustat boosted haemoglobin count in people with anaemia
The US investment bank set a price target of 1,460p on the FTSE 100-listed firm, with Glaxo's shares trading at 1,476.20p late morning, down 0.4% on Thursday’s closing price
On Monday, fresh Brexit volatility pushed the pound to a yearly low against the dollar but despite the turmoil, some firms are profiting handsomely
The drug failed to prolong the lives of patients with advanced head and neck cancers when it was used alone or in combination with another treatment, in comparison to standard chemo
Barclays reckons the GSK valuation remains appealing, but is waiting until 2019 before piling back in, as it thinks the shares might drift a little lower yet
The phase III trial involved patients with very late stage lung cancer where the disease had spread to other organs - in other words, the group was hard to treat
Investments and investor services
The UK's premier share index lost around 24 points at 7,013 on the day - and was down 1.29% on the week.
Over the past couple of weeks, the FTSE 100 drugs giant has sold off the rights to three asthma and hay fever treatments, one heartburn medicine, an arthritis drug and now a lung disease treatment
It said the US regulator had granted a priority review for its new cancer treatment and told investors a phase III trial of its diabetes medication delivered impressive results
Some of the big boys are shifting their focus away from their respiratory drugs, which could open up opportunities for Circassia to in-license them
Total revenues were still stuck in reverse gear, but the underlying picture, measured by product sales, was healthier with the figure up 8% to US$5.27bn
Investments and investor services
The focus is now on the Federal Reserve meeting later. The interest rate announcement is set for 7.00pm, UK time
Investments and investor services
Sainsbury, Superdry and Burberry are among the names in the diary for Thursday.
The UK drugs giant has been selling off lots of ‘non-core’ drugs in recent years to help keep money flowing in while it spends millions developing its pipeline
The two parties had been working together as part of a project funded by the UK government and they have agreed to continue their research
Archive
Aside from the US elections and Fed policy meeting, updates from UK blue-chip retailers J Sainsbury, Wm Morrison Supermarkets and Marks & Spencer should draw the most attention in the coming week
The launch at the Fertility Show in London at the start of November is the first step in a switch in focus brought about by new executive chairman Matthew Walls
Both Nexium, a treatment for heartburn, and Vimovo, used to treat arthritis, fall outside of AstraZeneca’s three main focus areas of cancer, cardiovascular and renal and respiratory
Deutsche Bank said the successful trial of Lynparza further increases its ‘buy’ conviction and raised its target price to 6,500p from 6,400p
Orphan drug status gives drugmakers certain benefits in order to encourage them to develop treatments for rare diseases which might otherwise lack sufficient profit motive
2019 will be an important year for the firm with the re-start of Phase I/IIa trial for RXC004, part of a niche, and potentially breakthrough group of cancer drugs
Arix is investing US$11mln in VelosBio through a Series A funding round in return for an 11.2% stake in the company
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Circassia promotes AstraZeneca’s Tudorza COPD drug in the US in return for a share of the profits, while it also has the commercial rights to another COPD drug made by AstraZeneca called Duaklir
The pound is off 0.52% against the greenback at the time of writing..
A total of 17,000 people with type-2 diabetes took part in the study
In clinical trials, 75% of the people taking the drug responded to it. In 30% of cases, Lumoxiti had a “complete durable” effect