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 Tagrisso gets new US lung cancer approval

By Josh White

Date: Thursday 26 Sep 2024

LONDON (ShareCast) - (Sharecast News) - AstraZeneca announced on Thursday that 'Tagrisso', or osimertinib, has been approved by the US Food and Drug Administration (FDA) for the treatment of adult patients with unresectable, stage three epidermal growth factor receptor-mutated (EGFRm) non-small cell lung cancer (NSCLC), whose disease had not progressed after platinum-based chemoradiation therapy (CRT).
The FTSE 100 pharmaceuticals giant said the approval was specifically for patients with exon 19 deletions or exon 21 (L858R) mutations, as determined by an FDA-approved test.

It said the FDA's decision followed a priority review, heavily based on findings from the LAURA phase three trial, which were presented at the 2024 American Society of Clinical Oncology (ASCO) annual meeting and published in the New England Journal of Medicine.

In the study, Tagrisso showed a significant clinical benefit, reducing the risk of disease progression or death by 84% compared to placebo.

The median progression-free survival (PFS) for patients treated with Tagrisso was 39.1 months, a notable increase from the 5.6 months observed in the placebo group.

While overall survival (OS) data remained immature and was still being monitored, AstraZeneca said the approval marked a substantial advancement in treatment options for patients with the specific form of lung cancer.

Each year, over 200,000 people in the US are diagnosed with lung cancer, with NSCLC accounting for 80% to 85% of cases.

Among NSCLC patients, about 15% have EGFR mutations, and nearly 20% present with unresectable tumours.

The safety and tolerability profile of Tagrisso in the LAURA trial aligned with its established safety record, with no new concerns identified.

Tagrisso was already approved for several indications, including first-line treatment of metastatic EGFRm NSCLC and as an adjuvant therapy for early-stage disease.

The drug was currently under review by regulatory bodies in other countries for the newly-approved indication.

"The approval of Tagrisso for patients with stage three, unresectable EGFR-mutated non-small cell lung cancer addresses a critical need for patients with these mutations who have never had the option of targeted therapy before," said Dave Fredrickson, executive vice-president of AstraZeneca's oncology business unit.

"The results of the LAURA trial show the powerful impact Tagrisso can make as backbone therapy in this disease, and with this approval, patients across all stages of EGFR-mutated non-small cell lung cancer can now benefit."

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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