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's Imfinzi gets fresh approval in the US

By Josh White

Date: Friday 16 Aug 2024

LONDON (ShareCast) - (Sharecast News) - AstraZeneca announced on Friday that the US Food and Drug Administration (FDA) has approved its drug durvalumab, branded Imfinzi, for the treatment of early-stage non-small cell lung cancer (NSCLC) in patients eligible for surgery.
The FTSE 100 pharmaceuticals giant said the approval was based on results from the phase thee AEGEAN trial, which showed that Imfinzi combined with chemotherapy before surgery and as a standalone treatment after surgery significantly reduced the risk of cancer recurrence, progression or death by 32% compared to chemotherapy alone.

It said the trial findings, which were published in the New England Journal of Medicine in October 2023, provided pivotal data that led to the FDA's decision.

The trial showed that patients receiving the Imfinzi-based regimen had a 32% reduction in event-free survival (EFS) risk, with a hazard ratio of 0.68, indicating a statistically significant improvement.

It also showed a pathologic complete response (pCR) rate of 17.2% in the Imfinzi group, compared to 4.3% in the chemotherapy-alone group.

AstraZeneca described lung cancer as a major global health issue, with 2.4 million new cases expected annually.

In the US alone, around 235,000 people are expected to be diagnosed in 2024.

Early-stage NSCLC, which affects 25% to 30% of those patients, often led to recurrence after surgery, underscoring the need for more effective treatments like Imfinzi.

The company said the safety profile of Imfinzi in the neoadjuvant and adjuvant settings was consistent with previous studies, and no new safety concerns were identified.

Imfinzi is already approved in the UK, Switzerland, and Taiwan for the same indication, with regulatory reviews underway in the European Union, China, and other countries.

The drug is also the global standard of care for unresectable stage three NSCLC following chemoradiotherapy, based on earlier findings from the PACIFIC trial.

"Today's approval of Imfinzi in resectable early-stage lung cancer builds on its strong foundation of changing clinical practice in unresectable stage three disease," said Dave Fredrickson, executive vice-president of AstraZeneca's oncology business unit.

"We remain committed to bringing novel approaches like AEGEAN to early lung cancer settings where cure is the goal of treatment."

At 0819 BST, shares in AstraZeneca were down 0.03% at 13,162p.

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
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 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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