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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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The Phase III trial results of AZD1222 demonstrate a vaccine efficacy of 76% in preventing symptomatic COVID-19 among 32,449 participants. The analysis showed 100% efficacy in preventing severe cases, with all eight severe cases occurring in the placebo group. AstraZeneca plans to submit for Emergency Use Authorization to the FDA shortly. The vaccine, co-invented by the University of Oxford, has received support exceeding $1bn from BARDA and has been granted emergency use in over 70 countries.

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AstraZeneca's US Phase III trial of AZD1222 shows 79% efficacy in preventing symptomatic COVID-19 and 100% efficacy against severe disease. The interim analysis involved 32,449 participants with 141 symptomatic cases. Notably, the vaccine demonstrated 80% efficacy in participants aged 65 and above. The data safety monitoring board reported no safety concerns, including no increased risk of thrombotic events. AstraZeneca is preparing to submit the data to the FDA for emergency use authorization and plans a broad rollout if approved.

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AstraZeneca and Amgen's tezepelumab has shown significant results in the NAVIGATOR Phase III trial, with a 56% reduction in annualized asthma exacerbation rate (AAER) for severe asthma patients compared to placebo. Notably, tezepelumab was effective across various eosinophil counts, achieving a 41% reduction in patients with eosinophil counts <300 cells/μL. The trial demonstrated improvements in lung function, asthma control, and quality of life. Safety results were comparable to placebo, with common adverse events being mild.

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AstraZeneca and Merck announced the OlympiA Phase III trial for LYNPARZA (olaparib) has progressed to early primary analysis after a recommendation from the Independent Data Monitoring Committee (IDMC). The trial demonstrated superior efficacy for LYNPARZA versus placebo in improving invasive disease-free survival (iDFS) for patients with germline BRCA-mutated high-risk HER2-negative early breast cancer. The IDMC raised no new safety concerns, and the trial continues to assess key secondary endpoints. This advancement may provide new options for high-risk breast cancer patients.

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AliveCor has partnered with AstraZeneca (AZN) to develop innovative disease management solutions in cardiovascular, renal, and metabolism therapeutic areas. This collaboration will utilize AliveCor's potassium detection technology, which allows non-invasive measurement of potassium levels outside of traditional blood tests. The initiative aims to support nearly 30 million U.S. adults with chronic kidney disease, potentially improving patient outcomes and addressing high potassium risks associated with kidney disease.

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AstraZeneca's TAGRISSO® (osimertinib) has demonstrated significant disease-free survival (DFS) benefits in the ADAURA Phase III trial for patients with EGFR-mutated non-small cell lung cancer (NSCLC). TAGRISSO reduced the risk of disease recurrence or death by 84% in patients previously treated with chemotherapy and by 77% in those untreated. The trial also showed consistent DFS benefits across disease stages. Following its recent US approval for adjuvant treatment, AstraZeneca aims to expand TAGRISSO's availability globally.

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AstraZeneca announced positive results from the ELEVATE-RR Phase III trial of CALQUENCE® (acalabrutinib) for high-risk chronic lymphocytic leukemia (CLL). The drug demonstrated non-inferior progression-free survival compared to ibrutinib, while showing significantly lower atrial fibrillation rates. With more than 40 months of follow-up, CALQUENCE maintained a favorable safety profile without compromising efficacy. The trial involved 533 patients, and results highlight CALQUENCE's potential in treating CLL, which affects many adults worldwide.

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AstraZeneca's ENHERTU® (fam-trastuzumab deruxtecan-nxki) has received FDA approval for treating adults with locally advanced or metastatic HER2-positive gastric or gastroesophageal junction adenocarcinoma after prior trastuzumab-based therapy. This marks a significant step forward as only about 5% of patients survive beyond five years after diagnosis. The approval followed the successful DESTINY-Gastric01 Phase II trial, demonstrating a 41% reduction in the risk of death and improved overall survival (12.5 months vs. 8.4 months) compared to chemotherapy.

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AstraZeneca will showcase data from its lung cancer treatments at the IASLC 2020 WCLC from January 28-31, 2021. The presentation will feature 39 abstracts, including 11 from its current and pipeline drugs. Notable highlights include updated Phase I data on datopotamab deruxtecan for advanced non-small cell lung cancer (NSCLC) and promising results for ENHERTU in HER2-expressing metastatic NSCLC. The ADAURA Phase III trial data will emphasize TAGRISSO's benefits in early-stage EGFR-mutated NSCLC. AstraZeneca aims to advance early lung cancer detection and treatment during the pandemic.

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Recombinetics Inc. announced a collaboration with AstraZeneca to study the treatment of cutaneous neurofibromas associated with Neurofibromatosis Type 1 (NF1) using preclinical models. NF1 affects 1 in 3,000 births, leading to learning disabilities and tumor predisposition. Selumetinib, the first FDA-approved therapy for NF1, will be evaluated in this research. Surrogen's NF1 minipig model mimics the human disease, providing a unique opportunity for treatment exploration. The study aims to enhance understanding and potential therapies for NF1 patients globally.

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FAQ

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

The current stock price of AstraZeneca PLC (AZN) is $66.3 as of December 24, 2024.

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

The market cap of AstraZeneca PLC (AZN) is approximately 205.6B.

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

205.57B
3.10B
0.01%
16.76%
0.26%
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