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Astrazeneca Plc - AZN STOCK NEWS

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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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ENHERTU demonstrated a significant improvement in progression-free survival in HR-positive, HER2-low metastatic breast cancer patients in the DESTINY-Breast06 Phase III trial. The trial also showed a meaningful improvement in patients with HER2-ultralow expression. The results suggest that ENHERTU could become a new standard of care for this patient population, potentially redefining the treatment of metastatic breast cancer.

The safety profile of ENHERTU was consistent with previous breast cancer clinical trials, with no new safety signals identified. Overall survival data is still pending, but early trends show a potential improvement in patients with HER2-low metastatic breast cancer. The trial will continue to assess other secondary endpoints and further explore the potential of ENHERTU in the treatment landscape.

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ENHERTU® Demonstrated Statistically Significant and Clinically Meaningful Improvement in Progression-Free Survival in HR Positive, HER2 Low Metastatic Breast Cancer Following One or More Lines of Endocrine Therapy in DESTINY-Breast06 Phase 3 Trial

ENHERTU (trastuzumab deruxtecan) has shown positive topline results in the DESTINY-Breast06 phase 3 trial, demonstrating a statistically significant and clinically meaningful improvement in progression-free survival (PFS) compared to standard of care chemotherapy in patients with HR positive, HER2 low metastatic breast cancer following one or more lines of endocrine therapy. The trial also revealed a statistically significant and clinically meaningful improvement in PFS in the overall trial population, including patients with HER2 low and HER2 ultralow metastatic breast cancer. Additionally, ENHERTU is expected to become a new standard of care for patients with HER2 low and HER2 ultralow metastatic breast cancer following endocrine therapy, potentially challenging the current treatment paradigms for metastatic breast cancer treatment. The safety profile of ENHERTU remained consistent with previous breast cancer clinical trials.

ENHERTU, a specifically engineered HER2 directed DXd antibody drug conjugate, has displayed promising results in improving patient outcomes and presents a potential shift in the treatment landscape for HR positive, HER2 expressing metastatic breast cancer. The outcomes from DESTINY-Breast06 emphasize the potential for earlier use of ENHERTU in the treatment landscape and highlight the broad patient population that could benefit from this innovative treatment.

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AbelZeta Pharma, Inc. announced the acceptance of an abstract related to the clinical study of C-CAR031, a CAR-T therapy for hepatocellular carcinoma, at the 2024 ASCO Annual Meeting. The therapy is developed in collaboration with AstraZeneca and will be presented in June 2024.
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AstraZeneca reports very strong Q1 2024 financial results with a 19% increase in total revenue, driven by growth in product sales and alliance revenue. Core EPS grew by 13% to $2.06. The company reaffirmed its guidance for FY 2024, expecting double-digit growth in revenue and EPS. Key milestones include positive trial results for Imfinzi and Tagrisso in lung cancer.
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Asher Biotherapeutics closes $55 million Series C financing led by RA Capital Management to advance lead program AB248 into Phase 1b Clinical Trials with support from AstraZeneca and Bristol Myers Squibb.
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AstraZeneca's IMFINZI in combination with chemotherapy doubled the overall survival rate at three years for patients with advanced biliary tract cancer in the TOPAZ-1 Phase III trial. The results showed a 26% reduction in the risk of death compared to chemotherapy alone, with a median OS of 12.9 months for the combination therapy. The trial met the primary endpoint of OS in October 2021, showing a 20% reduction in the risk of death. IMFINZI plus chemotherapy continued to be well-tolerated with no new safety signals observed.
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AstraZeneca's FASENRA (benralizumab) receives FDA approval for pediatric patients aged 6 to 11 with severe eosinophilic asthma, expanding treatment options. The approval is based on TATE trial data and prior trials, with a recommended dose of 30 mg for patients 6 years and older.
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Daiichi Sankyo and AstraZeneca's ENHERTU receives U.S. FDA approval for the treatment of HER2 positive solid tumors after showing clinically meaningful responses. The drug is now approved for five indications, with the latest in metastatic cancers.
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AstraZeneca and Daiichi Sankyo's ENHERTU gains accelerated approval in the US for HER2-positive solid tumors, marking a significant milestone in targeted cancer treatment. The approval is based on positive response rates and duration of response in Phase II trials, leading to inclusion in NCCN Guidelines®.
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AstraZeneca's IMFINZI shows survival benefit in Phase III trial for -stage small cell lung cancer, marking a breakthrough in treatment. Positive results in OS and PFS with no new safety signals identified. IMFINZI continues to lead in lung cancer treatment.
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FAQ

What is the current stock price of Astrazeneca Plc (AZN)?

The current stock price of Astrazeneca Plc (AZN) is $74.22 as of February 21, 2025.

What is the market cap of Astrazeneca Plc (AZN)?

The market cap of Astrazeneca Plc (AZN) is approximately 231.2B.

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

AZN Rankings

AZN Stock Data

231.16B
3.10B
0.01%
16.77%
0.49%
Drug Manufacturers - General
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United Kingdom
Cambridge