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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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AstraZeneca's supplemental Biologics License Application for Imfinzi (durvalumab) has been accepted for Priority Review in the US for treating locally advanced or metastatic biliary tract cancer (BTC). The FDA's decision is anticipated in Q3 2022. The application is based on the TOPAZ-1 Phase III trial, which revealed that Imfinzi combined with chemotherapy reduced death risk by 20% compared to chemotherapy alone. This new immunotherapy approach aims to improve treatment outcomes for BTC patients, who currently face poor prognoses.

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Innate Pharma announced the first patient dosing in the Phase 3 PACIFIC-9 trial for patients with unresectable Stage III non-small cell lung cancer (NSCLC). This trial evaluates the efficacy of durvalumab in combination with monalizumab or oleclumab. The initiation of the trial triggers a $50 million milestone payment from AstraZeneca to Innate, strengthening its cash position. The PACIFIC-9 study aims to assess whether these combinations improve treatment outcomes following standard platinum-based concurrent chemoradiation therapy.

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ULTOMIRIS (ravulizumab-cwvz) has received FDA approval for the treatment of adult patients with generalized myasthenia gravis (gMG) who are anti-AChR antibody positive, representing 80% of gMG cases. This approval, stemming from the CHAMPION-MG Phase III trial, showed significant improvement in daily living activities. ULTOMIRIS is the first long-acting C5 complement inhibitor approved for gMG, enabling dosing every eight weeks. The trial involved 175 patients and presented a favorable safety profile, aligning with prior studies in similar conditions.

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AstraZeneca and Daiichi Sankyo's ENHERTU received Breakthrough Therapy Designation in the US for treating HER2-low metastatic breast cancer. This designation is based on positive results from the DESTINY-Breast04 trial, which showed significant improvements in progression-free and overall survival compared to chemotherapy. ENHERTU, which has now secured five BTDs, aims to address the unmet need in breast cancer treatment, especially for patients with lower HER2 expression. The FDA’s expedited review process highlights the potential benefits for patients in urgent need of new therapies.

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Daiichi Sankyo and AstraZeneca's ENHERTU has received its fifth Breakthrough Therapy Designation (BTD) from the FDA for treating adult patients with unresectable or metastatic HER2 low breast cancer. This designation follows positive results from the DESTINY-Breast04 trial, which demonstrated significant improvements in progression-free survival and overall survival compared to standard chemotherapy. The safety profile of ENHERTU remains consistent with previous trials. This designates ENHERTU as a potential game-changer for patients with lower HER2 expression, addressing a critical unmet medical need.

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AstraZeneca announced that the FDA has accepted its Biologics License Application for a single priming dose of tremelimumab combined with Imfinzi for treating unresectable hepatocellular carcinoma (HCC). This STRIDE regimen aims to improve overall survival, supported by the Phase III HIMALAYA trial results showing a 22% reduction in death risk compared to sorafenib. The FDA decision is expected in Q4 2022. HCC is a major global health concern, with about 26,000 new advanced cases annually in the US. AstraZeneca continues to explore additional cancer treatment strategies.

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AstraZeneca's EVUSHELD (tixagevimab and cilgavimab) has shown a significant reduction in symptomatic COVID-19 risk by 77% in the primary analysis and 83% in follow-ups, according to the PROVENT Phase III trial. No severe cases or COVID-19 related deaths occurred in the EVUSHELD group over six months. More than 75% of trial participants had high-risk comorbidities. The drug demonstrated long-term efficacy with elevated serum concentrations lasting six months. EVUSHELD is authorized for emergency use, particularly benefiting immunocompromised individuals unable to adequately respond to vaccination.

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AstraZeneca and Daiichi Sankyo have received acceptance for the supplemental Biologics License Application (sBLA) of ENHERTU for treating adult patients with unresectable or metastatic non-small cell lung cancer (NSCLC) harboring a HER2 mutation. The FDA has granted Priority Review status, indicating potential significant improvements over current treatments. Results from the DESTINY-Lung01 trial showed a 54.9% tumor response rate, with a disease control rate of 92.3%. Approval could provide a new targeted therapy for patients currently lacking options.

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Daiichi Sankyo and AstraZeneca announced that their sBLA for ENHERTU, a HER2-targeted therapy for metastatic non-small cell lung cancer, has been accepted by the FDA for Priority Review. Based on the DESTINY-Lung01 trial, ENHERTU achieved a remarkable 54.9% tumor response rate and a confirmed disease control rate of 92.3%. The median overall survival was 17.8 months, promising for patients with HER2 mutations. This therapy marks a significant advancement, as currently, no HER2 directed therapies exist for this specific cancer type.

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Blueprint Medicines announced promising early results from the Phase 1/2 SYMPHONY trial for BLU-945, aimed at treating advanced EGFR-mutant non-small cell lung cancer (NSCLC). The data indicate dose-dependent reductions in circulating tumor DNA and tumor burden, with BLU-945 showing good tolerability—mostly Grade 1 or 2 adverse events. A partnership with AstraZeneca has been established for osimertinib in combination studies. Plans to initiate new trial cohorts and expand development by year-end 2022 were also highlighted, showcasing the potential for BLU-945 as a combination therapy.

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FAQ

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

The current stock price of AstraZeneca PLC (AZN) is $66.25 as of January 3, 2025.

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

The market cap of AstraZeneca PLC (AZN) is approximately 205.5B.

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

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205.55B
3.10B
0.01%
16.76%
0.24%
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