AstraZeneca (AZN)

Sector:

Pharma and Biotech

Index:

FTSE 100

11,042.00p
   
  • Change Today:
    -164.00p
  • 52 Week High: 13,276.00p
  • 52 Week Low: 9,501.00p
  • Currency: UK Pounds
  • Shares Issued: 1,550.29m
  • Volume: 2,329,887
  • Market Cap: £171,184m
  • RiskGrade: 123

AstraZeneca endometrial cancer treatment recommended for EU approval

By Josh White

Date: Monday 01 Jul 2024

LONDON (ShareCast) - (Sharecast News) - AstraZeneca announced on Monday that 'Imfinzi', or durvalumab, and 'Lynparza', or olaparib, have received a recommendation for approval in the European Union (EU) as treatments for primary advanced or recurrent endometrial cancer in patients with specific genetic profiles.
The FTSE 100 pharmaceuticals giant said the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) endorsed Imfinzi in combination with chemotherapy as a first-line treatment, followed by Lynparza and Imfinzi for patients with mismatch repair proficient (pMMR) disease.

Additionally, Imfinzi combined with chemotherapy followed by Imfinzi alone was recommended for patients with mismatch repair deficient (dMMR) disease.

The positive opinion was based on the results of the 'DUO-E' phase three trial, which demonstrated significant improvements in progression-free survival compared to chemotherapy alone.

Specifically, for pMMR patients, the combination of Lynparza and Imfinzi reduced the risk of disease progression or death by 43%, achieving a median progression-free survival of 15.0 months versus 9.7 months in the control arm.

For dMMR patients, Imfinzi alone reduced the risk of progression or death by 58%, with the median not reached in the trial against 7.0 months for the control group.

Endometrial cancer, the fourth most common cancer among women in Europe, saw nearly 125,000 new cases and over 30,000 deaths in 2022.

Early-stage diagnosis had a high five-year survival rate of 80% to 90%, but that dropped to below 20% for advanced cases.

The significant proportion of patients with pMMR disease - 70% to 80% - highlighted the urgent need for new treatment options.

AstraZeneca also noted that the recommendation also emphasised the importance of MMR testing at diagnosis, which was widely available and established.

Both treatment regimens' safety profiles were found to be manageable and consistent with the known profiles of Imfinzi and Lynparza.

Regulatory reviews for the treatments were also underway in Japan and other countries, following the DUO-E trial outcomes.

In the United States, Imfinzi plus chemotherapy was already approved for dMMR patients with primary advanced or recurrent endometrial cancer.

"Today's recommendation for approval in the EU recognises the potential of the Lynparza and Imfinzi combination to provide clinical benefit for patients with endometrial cancer, especially for those with mismatch repair proficient disease who have few available treatments today," said Susan Galbraith, executive vice-president of oncology research and development.

"If approved, patients in Europe will have a new option for combination treatment that brings the additional benefit of PARP inhibition to immunotherapy."

At 0818 BST, shares in AstraZeneca were down 0.21% at 12,330p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AstraZeneca Market Data

Currency UK Pounds
Share Price 11,042.00p
Change Today -164.00p
% Change -1.46 %
52 Week High 13,276.00p
52 Week Low 9,501.00p
Volume 2,329,887
Shares Issued 1,550.29m
Market Cap £171,184m
RiskGrade 123

AstraZeneca Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.03% below the market average92.03% below the market average92.03% below the market average92.03% below the market average92.03% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
6.17% above the market average6.17% above the market average6.17% above the market average6.17% above the market average6.17% above the market average
52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average
Income
88.49% below the market average88.49% below the market average88.49% below the market average88.49% below the market average88.49% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
88.65% above the market average88.65% above the market average88.65% above the market average88.65% above the market average88.65% above the market average
94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average

What The Brokers Say

Strong Buy 9
Buy 15
Neutral 5
Sell 0
Strong Sell 1
Total 30
buy
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AstraZeneca Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 08-Aug-24 22-Feb-24
Paid 09-Sep-24 25-Mar-24
Amount 100.00¢ 197.00¢

Trades for 31-Oct-2024

Time Volume / Share Price
16:09 179,211 @ 11,160.00p
16:51 488 @ 11,042.00p
16:51 142 @ 11,042.00p
16:35 3,725 @ 11,042.00p
16:35 75 @ 11,042.00p

AstraZeneca Key Personnel

Chair Michel Demare

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