AstraZeneca (AZN)

Sector:

Pharma and Biotech

Index:

FTSE 100

12,172.00p
   
  • Change Today:
    -74.00p
  • 52 Week High: 12,370.00
  • 52 Week Low: 9,501.00
  • Currency: UK Pounds
  • Shares Issued: 1,550.24m
  • Volume: 1,412,796
  • Market Cap: £188,695m
  • RiskGrade: 123

AstraZeneca 'disappointed' with FDA panel vote on prostate drug

By Frank Prenesti

Date: Tuesday 02 May 2023

LONDON (ShareCast) - (Sharecast News) - AstraZeneca said it was disappointed with a decision by a panel of US Food and Drug Administration advisers to restrict use of its treatment for a type of prostate cancer.
The FDA panel voted 11-1 with one abstention in favor of Lynparza, in combination with other medications - abiraterone and prednisone or prednisolone - as a first-line treatment for a type of treatment-resistant prostate cancer in adult patients.

Astra's experimental treatment was developed jointly with Merck & Co.

However, the panel recommended the approval to be limited only to patients whose tumors have a mutation in the BCRA genes, and advised against approval beyond this patient population.

The recommendation comes after Lynparza and similar class of therapies were hit by safety setbacks as clinical data suggested patients did not live as long as those given chemotherapy when administered as a second-line therapy.

Susan Galbraith, AstraZeneca's executive vice-president of oncology research & development said: "Novel treatment options are urgently needed for patients with metastatic castration-resistant prostate cancer. While we are pleased with the recognition of the benefit of Lynparza plus abiraterone for patients with BRCA-mutated metastatic castration-resistant prostate cancer, we are disappointed with the outcome of today's ODAC meeting."

"We strongly believe in the results of the PROpel trial, which demonstrated the clinically meaningful benefit for this combination in a broad population of patients regardless of biomarker status."

Reporting by Frank Prenesti 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 12,172.00p
Change Today -74.00p
% Change -0.60 %
52 Week High 12,370.00
52 Week Low 9,501.00
Volume 1,412,796
Shares Issued 1,550.24m
Market Cap £188,695m
RiskGrade 123

AstraZeneca Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.48% below the market average92.48% below the market average92.48% below the market average92.48% below the market average92.48% below the market average
92.16% below the sector average92.16% below the sector average92.16% below the sector average92.16% below the sector average92.16% below the sector average
Price Trend
59.08% above the market average59.08% above the market average59.08% above the market average59.08% above the market average59.08% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income
91.19% below the market average91.19% below the market average91.19% below the market average91.19% below the market average91.19% 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
82.60% above the market average82.60% above the market average82.60% above the market average82.60% above the market average82.60% 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 8
Buy 15
Neutral 5
Sell 0
Strong Sell 1
Total 29
buy
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AstraZeneca Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 22-Feb-24 10-Aug-23
Paid 25-Mar-24 11-Sep-23
Amount 197.00¢ 93.00¢

Trades for 15-May-2024

Time Volume / Share Price
16:26 0 @ 12,178.00p
16:26 0 @ 12,178.00p
16:21 0 @ 12,190.00p
16:21 0 @ 12,190.00p
16:17 0 @ 12,200.00p

AstraZeneca Key Personnel

Chair Michel Demare

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