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AstraZeneca PLC - AZN STOCK NEWS

Welcome to our dedicated page for AstraZeneca PLC news (Ticker: AZN), a resource for investors and traders seeking the latest updates and insights on AstraZeneca PLC stock.

AstraZeneca PLC (AZN) is a British-Swedish multinational pharmaceutical and biotechnology company headquartered in Cambridge, England. Formed in 1999 through the merger of Astra AB of Sweden and Zeneca Group PLC of the UK, AstraZeneca is known for its extensive research and development in the field of pharmaceuticals and biotechnology.

The company operates globally and generates a significant portion of its revenue from international markets, with the United States accounting for nearly one-third of its sales. AstraZeneca’s product portfolio includes a wide range of branded drugs across several major therapeutic areas such as gastrointestinal, diabetes, cardiovascular, respiratory, oncology, immunology, and rare diseases.

Recent achievements include a global license agreement with Nona Biosciences to develop preclinical monoclonal antibodies aimed at creating targeted therapies in oncology. The agreement could potentially bring Nona Biosciences up to $575 million upon achieving specified milestones, as well as tiered royalty payments on net sales. AstraZeneca continues to lead in the development of tumor-targeted therapies using cutting-edge technology.

Another noteworthy development is AstraZeneca's collaboration with AbelZeta Pharma to co-develop C-CAR031, a GPC3-targeted CAR-T therapy for treating hepatocellular carcinoma (HCC). The initial clinical results presented at the 2024 ASCO Annual Meeting showed promising safety and efficacy data.

Moreover, AstraZeneca has entered into a significant agreement with Compugen Ltd. to develop rilvegostomig, a PD-1/TIGIT bispecific antibody currently in Phase 3 trials for non-small cell lung cancer and biliary tract cancer. This partnership underscores AstraZeneca’s commitment to advancing innovative cancer therapies through strategic collaborations.

With its industry-leading capabilities, AstraZeneca is well-positioned to continue making significant strides in healthcare, providing effective treatments for a variety of diseases and maintaining its reputation as a global leader in pharmaceuticals and biotechnology.

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Daiichi Sankyo and AstraZeneca's trastuzumab deruxtecan has gained a positive recommendation from the European Medicines Agency for treating HER2 positive metastatic breast cancer. This recommendation is based on the DESTINY-Breast03 trial, which demonstrated a 72% reduction in disease progression risk compared to T-DM1. The therapy's safety profile aligns with previous studies, and the European Commission will now evaluate this recommendation. With over 530,000 breast cancer diagnoses in Europe annually, there is a critical need for effective treatment options.

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ALXN1840, an investigational treatment for Wilson disease, demonstrated significant efficacy in a Phase III trial. The study showed a three-times increase in copper mobilization from tissues compared to standard care (p<0.0001). Patients experienced rapid responses by four weeks, sustained for 48 weeks. Notably, initial improvements in neurological scores were observed in symptomatic patients. The treatment was well tolerated, with most adverse events being non-serious. This pioneering approach could redefine management strategies for Wilson disease, which has seen limited innovation for decades.

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Daiichi Sankyo and AstraZeneca's trastuzumab deruxtecan has received validation from the European Medicines Agency (EMA) for a Type II Variation application. This approval is for treating adult patients with unresectable or metastatic HER2 low breast cancer who have undergone prior systemic therapy. Results from the DESTINY-Breast04 trial indicated significant improvements in progression-free and overall survival compared to standard chemotherapy. The application marks a potential shift in treatment options for patients with low HER2 expression, expanding the reach of targeted therapy.

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Results from the PROpel Phase III trial reveal that LYNPARZA (olaparib), in combination with abiraterone, significantly enhances radiographic progression-free survival (rPFS) by 34% for metastatic castration-resistant prostate cancer (mCRPC) patients, regardless of HRR gene mutations. The combination showed a median rPFS of 24.8 months, compared to 16.6 months for abiraterone alone. The data published in NEJM Evidence highlights the need for new first-line treatment options and suggests potential approval for broader patient groups. Safety profiles align with prior trials, indicating no detrimental health effects.

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AstraZeneca and Ionis Pharmaceuticals announced positive interim results from the NEURO-TTRansform Phase III trial for eplontersen, a treatment for hereditary transthyretin-mediated amyloid polyneuropathy (ATTRv-PN). After 35 weeks, the drug met co-primary endpoints, showing significant reductions in serum transthyretin levels and improvements in neuropathy impairment scores. Eplontersen also demonstrated a favorable safety profile and improved quality of life metrics. Following these results, the companies plan to file a New Drug Application with the FDA in 2022.

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Daiichi Sankyo announced the dosing of the first patient in the global TROPION-Breast02 phase 3 trial for datopotamab deruxtecan (Dato-DXd). This trial will evaluate the efficacy and safety of Dato-DXd versus chemotherapy in patients with untreated, locally recurrent inoperable or metastatic triple negative breast cancer (TNBC), which constitutes 10-15% of breast cancers. The trial aims to improve survival rates for TNBC patients in need of alternative treatments.

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AstraZeneca's Tagrisso® is now part of a clinical trial evaluating EMB-01, a bispecific antibody from EpimAb Biotherapeutics, for non-small cell lung cancer (NSCLC). The U.S. FDA has approved an IND application for a Phase Ib/II study, which intends to assess the safety, pharmacokinetics, and anti-tumor activity of this combination therapy. Dr. Chengbin Wu emphasized the importance of this milestone. The trial aims to tackle the unmet needs of NSCLC patients with EGFR mutations resistant to third-generation TKIs, potentially enhancing treatment options.

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AstraZeneca and Daiichi Sankyo's ENHERTU has shown promising results in the DESTINY-Breast04 trial, offering significant improvements in overall survival (OS) and progression-free survival (PFS) for patients with HER2-low metastatic breast cancer. ENHERTU demonstrated a 49% reduction in the risk of disease progression or death compared to chemotherapy, with median PFS of 10.1 months vs. 5.4 months and median OS of 23.9 months vs. 17.5 months. These findings suggest a potential shift in standard treatment for approximately half of breast cancer patients previously considered HER2-negative.

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Daiichi Sankyo and AstraZeneca's ENHERTU has shown promising results in the DESTINY-Breast04 trial, enhancing median overall survival by over 6 months compared to chemotherapy for patients with HER2 low metastatic breast cancer. Key findings include a 49% reduction in disease progression or death risk and a median progression-free survival of 10.1 months. The treatment demonstrated a confirmed overall response rate of 52.6%, significantly higher than chemotherapy's 16.3%. The safety profile remains consistent, with most adverse events being manageable.

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AstraZeneca announced updates on CALQUENCE® (acalabrutinib) during the ASCO Annual Meeting, showcasing its efficacy and safety in treating chronic lymphocytic leukemia (CLL). The ELEVATE-TN trial results indicated a statistically significant progression-free survival (PFS) benefit, with CALQUENCE combination therapy reducing disease progression or death risk by 89% compared to chlorambucil plus obinutuzumab. Additionally, CALQUENCE showed sustained PFS benefits in the ASCEND trial. Both trials confirmed CALQUENCE's long-term safety profile with no new severe adverse events reported.

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FAQ

What is the current stock price of AstraZeneca PLC (AZN)?

The current stock price of AstraZeneca PLC (AZN) is $66.64 as of January 7, 2025.

What is the market cap of AstraZeneca PLC (AZN)?

The market cap of AstraZeneca PLC (AZN) is approximately 208.5B.

What is AstraZeneca PLC?

AstraZeneca PLC is a British-Swedish multinational pharmaceutical and biotechnology company formed in 1999 through the merger of Astra AB of Sweden and Zeneca Group PLC of the UK. It is headquartered in Cambridge, England.

What therapeutic areas does AstraZeneca focus on?

AstraZeneca’s product portfolio includes drugs across several therapeutic areas such as gastrointestinal, diabetes, cardiovascular, respiratory, oncology, immunology, and rare diseases.

Where does AstraZeneca generate most of its revenue?

A significant portion of AstraZeneca’s revenue comes from international markets, with the United States accounting for nearly one-third of its sales.

What is the recent collaboration between AstraZeneca and Nona Biosciences about?

AstraZeneca and Nona Biosciences have entered into a global license agreement to develop preclinical monoclonal antibodies aimed at creating targeted therapies in oncology.

What is C-CAR031?

C-CAR031 is a GPC3-targeted CAR-T therapy developed by AstraZeneca and AbelZeta Pharma for treating hepatocellular carcinoma (HCC). Initial clinical results have shown promising safety and efficacy data.

What is rilvegostomig?

Rilvegostomig is a PD-1/TIGIT bispecific antibody developed by AstraZeneca in collaboration with Compugen Ltd. It is currently in Phase 3 trials for non-small cell lung cancer and biliary tract cancer.

What are some of AstraZeneca’s key recent achievements?

Recent achievements include a global license agreement with Nona Biosciences for oncology therapies, collaboration with AbelZeta Pharma on C-CAR031, and partnership with Compugen Ltd. for developing rilvegostomig.

Where is AstraZeneca headquartered?

AstraZeneca is headquartered at the Cambridge Biomedical Campus in Cambridge, England.

When was AstraZeneca formed?

AstraZeneca was formed in 1999 through the merger of Astra AB of Sweden and Zeneca Group PLC of the UK.

What is the focus of AstraZeneca’s research and development?

AstraZeneca focuses on research and development in pharmaceuticals and biotechnology, particularly in creating treatments for various major therapeutic areas including cancer, respiratory diseases, cardiovascular conditions, and more.
AstraZeneca PLC

Nasdaq:AZN

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AZN Stock Data

208.48B
3.10B
0.01%
16.77%
0.32%
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