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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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Positive results from the Phase III MANDALA and DENALI trials for PT027, a fixed-dose inhaler combining albuterol and budesonide, were announced. PT027 significantly reduced the risk of severe asthma exacerbations compared to albuterol and improved lung function in patients with mild to moderate asthma. The MANDALA trial involved 3,132 patients, while DENALI included 1,001 participants. Both trials met their primary endpoints, indicating PT027's potential as a first-in-class treatment for asthma. AstraZeneca and Avillion are advancing this promising new therapy.

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AstraZeneca announced that FLUMIST® QUADRIVALENT, the only FDA-approved nasal-spray flu vaccine, is now available in the US for the 2021-2022 influenza season. Indicated for ages 2 to 49, its supply is expected to bulk by mid-September. The CDC emphasizes flu vaccination as crucial to reduce healthcare burdens. FLUMIST is expected to be preferred by patients due to its needle-free delivery method. Common side effects include runny nose, sore throat, and fever. The vaccine is covered by most health plans.

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The PROVENT Phase III trial results for AstraZeneca's AZD7442 show a significant efficacy in reducing symptomatic COVID-19 cases by 77% compared to placebo. Among 5,197 participants, there were only 25 cases of symptomatic COVID-19 in the AZD7442 group, with no severe cases or related deaths reported. AZD7442, a long-acting antibody combination delivered intramuscularly, is proposed for individuals unable to respond to vaccines. The data is set for regulatory submission for potential emergency use authorization. Further results from the ongoing clinical trial program are expected later this year.

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ENHERTU® (fam-trastuzumab deruxtecan-nxki), developed by AstraZeneca and Daiichi Sankyo, has demonstrated superiority over T-DM1 in the DESTINY-Breast03 Phase III trial for HER2-positive metastatic breast cancer. An interim analysis highlighted a significant improvement in progression-free survival (PFS) for patients treated with ENHERTU. Overall survival data is still maturing, but ENHERTU's safety profile aligns with previous studies, showing no new concerns. Regulatory submissions are planned based on these findings, aiming to establish ENHERTU as a new standard of care.

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AstraZeneca's SAPHNELO™ (anifrolumab-fnia) has received FDA approval for treating adult patients with moderate to severe systemic lupus erythematosus (SLE) on standard therapy. This landmark approval is based on significant clinical trial data showing improved disease activity and reduced corticosteroid use. SAPHNELO is the first treatment for SLE approved in over a decade and utilizes a novel mechanism targeting type I interferon pathways. Common adverse reactions include respiratory infections and herpes zoster. The drug is not recommended for certain severe lupus conditions.

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AstraZeneca's BYDUREON BCise (exenatide extended-release) has received FDA approval for treating type 2 diabetes in pediatric patients aged 10-17, marking the first such approval for a once-weekly GLP-1 RA in this demographic. The decision is supported by positive Phase III trial results, which demonstrated significant improvements in glycemic control. This new option complements the current treatments of metformin and liraglutide for adolescents with type 2 diabetes, addressing a growing health concern as childhood diabetes rates rise, particularly in the U.S.

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Aridis Pharmaceuticals (Nasdaq: ARDS) has secured an exclusive worldwide license from AstraZeneca (LSE/STO/Nasdaq: AZN) for suvratoxumab, a monoclonal antibody candidate aimed at preventing pneumonia. This Phase 3-ready candidate follows positive Phase 2 results, showing a 47% reduction in pneumonia among S. aureus-colonized mechanically ventilated patients. Aridis will receive up to €25 million (~$30 million) in funding from the EU for the Phase 3 trial, while AstraZeneca will obtain an $11 million upfront payment and potential milestones worth $115 million.

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AstraZeneca’s Biologics License Application for tezepelumab has been accepted for Priority Review by the FDA for treating asthma. Developed in collaboration with Amgen, tezepelumab shows potential to transform asthma treatment, having demonstrated significant reductions in exacerbations in clinical trials. The NAVIGATOR Phase III trial highlighted a 56% reduction in annual exacerbation rates compared to placebo. The FDA action date is set for Q1 2022, and tezepelumab previously received Breakthrough Therapy Designation for patients without an eosinophilic phenotype.

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AstraZeneca announced positive results from a Phase III trial (NCT01554618) evaluating exenatide extended-release 2mg in adolescents aged 10-17 with type 2 diabetes (T2D). The study demonstrated a significant reduction in HbA1c levels compared to placebo, achieving its primary endpoint with a LS mean difference of -0.85% (P=0.012). The treatment was generally well tolerated, with adverse events comparable to adults. This is the first trial of a GLP-1 receptor agonist for this age group, and AstraZeneca has filed for FDA priority review for adolescent use.

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PathAI announced its participation in the ASCO Virtual Scientific Program 2021, presenting new data on a quality control tool for HER2 testing in digital pathology images. The presentation includes the poster Machine learning models to quantify HER2 for real-time tissue image analysis in prospective clinical trials (Abstract #3061). Together with AstraZeneca (AZN) and Daiichi Sankyo, PathAI developed ML-based models demonstrating high accuracy in HER2 scoring, consistent with ASCO/CAP guidelines, enhancing testing quality in breast cancer clinical trials.

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FAQ

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

The current stock price of AstraZeneca PLC (AZN) is $63.8 as of November 19, 2024.

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

The market cap of AstraZeneca PLC (AZN) is approximately 198.1B.

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

NYSE:AZN

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AZN Stock Data

198.05B
3.10B
0.01%
16.49%
0.15%
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