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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 announced that the European Medicines Agency (EMA) has validated the Type II Variation Application for trastuzumab deruxtecan, a HER2 directed antibody drug conjugate developed with AstraZeneca (AZN). This application aims to treat adult patients with advanced or metastatic HER2 positive gastric cancer, following a prior anti-HER2 regimen. The validation signals the start of a scientific review process by the EMA’s Committee for Medicinal Products for Human Use (CHMP).

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New analyses from the TULIP Phase III clinical trials demonstrate that SAPHNELO (anifrolumab), a type I interferon antagonist, significantly reduces systemic lupus erythematosus (SLE) disease activity compared to standard therapy alone. Presented at ACR Convergence 2021, the data indicate consistent efficacy regardless of disease duration or prior treatments. Notably, SAPHNELO showed a 14.4% improvement over standard therapy in recently diagnosed patients, and 17.1% in those with established disease, along with better response rates across various baseline therapies.

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AstraZeneca has launched the ACT on Health Equity: Community Solutions Challenge, contributing funds to 30 nonprofit organizations across the US. This initiative aims to enhance health equity by supporting underserved populations. Over 1,350 applications were received in its inaugural year, reflecting a wide interest in community health and youth education. The challenge aligns with AstraZeneca's long-term commitment to health equity and is supported by experts in the field. Programs funded will employ community-based approaches to improve local health outcomes.

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Positive Results from TOPAZ-1 Trial: IMFINZI combined with chemotherapy shows significant overall survival benefits for advanced biliary tract cancer (BTC) patients compared to chemotherapy alone.

The Independent Data Monitoring Committee confirmed the trial met its primary endpoint, demonstrating improved progression-free survival and overall response rate. IMFINZI's safety profile aligns with standard chemotherapy, with no increase in adverse event discontinuation rates.

With about 210,000 BTC cases annually worldwide, these findings mark a pivotal advancement for a cancer with limited treatment options.

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Daiichi Sankyo and AstraZeneca have entered into a collaboration with Merck to advance the TROPION-Lung08 phase 3 trial. This trial will evaluate the TROP2 directed ADC, datopotamab deruxtecan, in combination with Merck's KEYTRUDA in treatment-naïve patients with PD-L1 high advanced or metastatic non-small cell lung cancer (NSCLC). The trial aims to improve outcomes compared to KEYTRUDA alone, addressing the significant patient population that does not respond to current therapies. Approximately 740 patients are expected to be enrolled across multiple regions.

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AstraZeneca, alongside Scientific American Custom Media, announced the winners of the 2021 Cancer Community Awards (C2 Awards). This year, a new Catalyst for Equity Award was introduced to support health equity for disadvantaged communities. Over 100 nominations were received from 28 states. Winners received a $50,000 donation for a nonprofit organization. The awards recognize individuals and organizations making significant contributions in oncology, aiming to enhance cancer care and ensure equitable access to treatments.

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Positive results from the HIMALAYA Phase III trial indicated that a single dose of tremelimumab alongside IMFINZI yielded significant overall survival benefits compared to sorafenib for patients with unresectable hepatocellular carcinoma (HCC). The combination therapy, named the STRIDE regimen, also showcased a favorable safety profile, with no increase in severe hepatic toxicity. IMFINZI alone showed non-inferior overall survival against sorafenib, trending favorably with improved tolerability. The study involved 1,324 patients across 190 centers worldwide.

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AstraZeneca has received Orphan Drug Designation from the FDA for Tezepelumab to treat eosinophilic esophagitis (EoE), a rare inflammatory disease affecting the esophagus. This designation is crucial as it supports the development of therapies for diseases impacting fewer than 200,000 patients in the U.S. Currently, no FDA-approved treatments exist for EoE. Tezepelumab is also under Priority Review for asthma in the U.S., with decisions anticipated in early 2022. The collaboration between AstraZeneca and Amgen continues, enabling joint commercialization efforts.

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AstraZeneca has filed for Emergency Use Authorization (EUA) with the US FDA for AZD7442, a long-acting antibody combination to prevent symptomatic COVID-19. The drug shows a 77% reduction in risk based on data from the PROVENT Phase III trial. This submission marks a significant step as AZD7442 could be the first long-acting antibody approved for COVID-19 prevention. The trial included participants with comorbidities, with over 75% at increased risk. AZD7442 leverages proprietary technology to enhance its durability, potentially offering up to 12 months of protection.

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The FDA has granted ENHERTU Breakthrough Therapy Designation for treating adult patients with unresectable or metastatic HER2-positive breast cancer. This designation is based on the DESTINY-Breast03 trial, showing a 72% reduction in disease progression or death compared to T-DM1. ENHERTU now holds four BTDs, with the total patient survival rate at one year reaching 94.1%. The designation aims to expedite development for medicines addressing significant unmet medical needs. The ongoing comprehensive clinical program assesses ENHERTU across various HER2-targetable cancers.

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FAQ

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

The current stock price of AstraZeneca PLC (AZN) is $66.26 as of December 27, 2024.

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

The market cap of AstraZeneca PLC (AZN) is approximately 206.3B.

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

206.25B
3.10B
0.01%
16.76%
0.24%
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