AstraZeneca (AZN)

Sector:

Pharma and Biotech

Index:

FTSE 100

12,650.00p
   
  • Change Today:
    110.00p
  • 52 Week High: 13,276.00
  • 52 Week Low: 9,501.00
  • Currency: UK Pounds
  • Shares Issued: 1,550.29m
  • Volume: 1,636,265
  • Market Cap: £196,111m
  • RiskGrade: 123

AstraZeneca gets positive feedback on possible Imfinzi indication

By Josh White

Date: Friday 26 Jul 2024

LONDON (ShareCast) - (Sharecast News) - AstraZeneca's 'Imfinzi', or durvalumab, was recognised by the FDA's oncologic drugs advisory committee (ODAC) on Friday for its efficacy in treating resectable non-small cell lung cancer (NSCLC), based on phase three trial results.
The FTSE 100 pharmaceuticals giant said the trial showed that Imfinzi met the primary endpoint of event-free survival (EFS) and showcased a tolerable safety profile.

Patients in the trial had resectable early-stage NSCLC (IIA-IIIB) without EGFR mutations or ALK rearrangements and were treated with Imfinzi combined with neoadjuvant chemotherapy before surgery and as adjuvant monotherapy post-surgery.

The FDA previously accepted the supplemental biologics licence application (sBLA) for Imfinzi in September last year, following positive results published in The New England Journal of Medicine.

Interim analysis from the trial indicated a significant 32% reduction in the risk of recurrence, progression, or death compared to chemotherapy alone, which was reflected in the EFS hazard ratio of 0.68.

Additionally, Imfinzi combined with neoadjuvant chemotherapy before surgery resulted in a pathologic complete response (pCR) rate of 17.2%, significantly higher than the 4.3% observed with chemotherapy alone.

Imfinzi was generally well tolerated, with no new safety concerns identified in both neoadjuvant and adjuvant settings.

The addition of Imfinzi to neoadjuvant chemotherapy did not compromise surgical outcomes compared to chemotherapy alone, maintaining consistency with the known safety profile of this combination.

AstraZeneca said the ODAC's acknowledgment would inform the FDA's review process, though the agency was not obliged to follow the committee's recommendations.

Imfinzi is already approved for treating resectable NSCLC in stage two and three in Switzerland and the UK based on the AEGEAN results, with regulatory reviews ongoing in the EU, China, and other countries.

Imfinzi remained the only approved immunotherapy and the global standard of care for unresectable stage three NSCLC in patients whose disease has not progressed following chemoradiotherapy.

"The committee's discussion of the AEGEAN data highlighted the significant benefit delivered by this Imfinzi-based regimen for patients with resectable lung cancer," said executive vice-president of oncology research and development Susan Galbraith.

"We are committed to working closely with the FDA to bring this novel immunotherapy option to patients that offers a flexible chemotherapy backbone."

At 0856 BST, shares in AstraZeneca were up 1.61% at 12,248p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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 12,650.00p
Change Today 110.00p
% Change 0.88 %
52 Week High 13,276.00
52 Week Low 9,501.00
Volume 1,636,265
Shares Issued 1,550.29m
Market Cap £196,111m
RiskGrade 123

AstraZeneca Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.29% below the market average93.29% below the market average93.29% below the market average93.29% below the market average93.29% below the market average
95.92% below the sector average95.92% below the sector average95.92% below the sector average95.92% below the sector average95.92% below the sector average
Price Trend
73.47% above the market average73.47% above the market average73.47% above the market average73.47% above the market average73.47% above the market average
83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average
Income
94.31% below the market average94.31% below the market average94.31% below the market average94.31% below the market average94.31% 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
Growth
87.76% above the market average87.76% above the market average87.76% above the market average87.76% above the market average87.76% above the market average
93.94% above the sector average93.94% above the sector average93.94% above the sector average93.94% above the sector average93.94% above the sector average

What The Brokers Say

Strong Buy 9
Buy 15
Neutral 5
Sell 0
Strong Sell 1
Total 30
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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 06-Sep-2024

Time Volume / Share Price
16:52 906 @ 12,650.00p
16:49 25,095 @ 12,663.01p
16:47 7,584 @ 12,665.79p
16:38 600 @ 12,650.00p
16:38 35 @ 12,650.00p

AstraZeneca Key Personnel

Chair Michel Demare

Top of Page