AstraZeneca (AZN)

Sector:

Pharma and Biotech

Index:

FTSE 100

12,152.00p
   
  • Change Today:
    -20.00p
  • 52 Week High: 12,370.00
  • 52 Week Low: 9,501.00
  • Currency: UK Pounds
  • Shares Issued: 1,550.24m
  • Volume: 49,489
  • Market Cap: £188,385m
  • RiskGrade: 123

AstraZeneca gets another US approval for Lynparza

By Josh White

Date: Thursday 01 Jun 2023

LONDON (ShareCast) - (Sharecast News) - AstraZeneca has received approval in the United States for the drug combination of 'Lynparza', or olaparib, with abiraterone and prednisone or prednisolone for the treatment of adult patients suffering from metastatic castration-resistant prostate cancer (mCRPC) with deleterious or suspected deleterious BRCA mutations, it announced on Thursday.
The FTSE 100 pharmaceuticals giant said the approval was based on a subgroup analysis conducted during the phase three 'PROpel' trial.

It said the analysis showed that the combination of Lynparza and abiraterone demonstrated significant clinical improvements in both radiographic progression-free survival (rPFS) and overall survival (OS) compared to the use of abiraterone alone in patients with BRCA mutations.

Prostate cancer is the second most common cancer among men, AstraZeneca explained, and despite the availability of several therapies for patients with mCRPC, the five-year survival rate remains low.

About 10% of patients with mCRPC have BRCA mutations, which are associated with a poor prognosis and outcomes.

The PROpel trial included 387 patients with mCRPC, of which 245 had deleterious or suspected deleterious BRCA mutations.

AstraZeneca said the trial's primary endpoint was radiographic progression-free survival, and the secondary endpoints included overall survival, time to pain progression, and time to subsequent antineoplastic therapy.

This approval followed the accelerated approval granted by the US Food and Drug Administration (FDA) in 2020 for Lynparza as a monotherapy for the treatment of patients with mCRPC who have BRCA mutations.

"There is a critical unmet need for new first-line treatment options for patients with BRCA-mutated metastatic castration-resistant prostate cancer and this approval underscores the importance of BRCA testing at metastatic diagnosis," said Dave Fredrickson, executive vice-president of the oncology business unit.

"We look forward to bringing the benefit of this Lynparza combination to patients earlier in their treatment."

At 0958 BST, shares in AstraZeneca were up 0.75% at 11,748p.

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 12,152.00p
Change Today -20.00p
% Change -0.16 %
52 Week High 12,370.00
52 Week Low 9,501.00
Volume 49,489
Shares Issued 1,550.24m
Market Cap £188,385m
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 16-May-2024

Time Volume / Share Price
08:15 44 @ 12,152.00p
08:15 17 @ 12,146.00p
08:15 11 @ 12,146.00p
08:15 53 @ 12,150.00p
08:15 48 @ 12,146.00p

AstraZeneca Key Personnel

Chair Michel Demare

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