AstraZeneca (AZN)

Sector:

Pharma and Biotech

Index:

FTSE 100

12,138.00p
   
  • Change Today:
    -34.00p
  • 52 Week High: 12,370.00
  • 52 Week Low: 9,501.00
  • Currency: UK Pounds
  • Shares Issued: 1,550.24m
  • Volume: 331,321
  • Market Cap: £188,168m
  • RiskGrade: 123

AstraZeneca reveals mixed interim findings in lung cancer trial

By Josh White

Date: Monday 03 Jul 2023

LONDON (ShareCast) - (Sharecast News) - AstraZeneca announced on Monday that datopotamab deruxtecan, or 'Dato-DXd', has shown promising results in a trial in patients with locally-advanced or metastatic non-small cell lung cancer (NSCLC) who had previously received at least one therapy.
The company said the TROPION-Lung01 phase three study's high-level findings revealed that Dato-DXd demonstrated a significant improvement in progression-free survival (PFS) compared to the current standard-of-care chemotherapy, docetaxel.

That outcome represented a positive development for patients, as it suggested that Dato-DXd could offer enhanced efficacy in treating NSCLC.

However, regarding the dual primary endpoint of overall survival (OS), the data was not yet mature at the time of the interim analysis.

Although an early trend was observed in favour of Dato-DXd compared to docetaxel, AstraZeneca said it did not meet the pre-specified threshold for statistical significance.

As a result, the trial would continue as planned to assess overall survival with more comprehensive data.

The pharmaceuticals giant also highlighted that the safety profile of Dato-DXd was consistent with previous clinical trials, with no new safety concerns identified.

Adverse events related to interstitial lung disease, observed across all grades, were generally in line with findings from earlier trials, primarily manifesting as low-grade incidents.

However, a few grade-five events - the most severe - were reportedly observed.

Datopotamab deruxtecan, jointly developed by AstraZeneca and Daiichi Sankyo, is a specially-engineered TROP2-directed DXd antibody drug conjugate (ADC).

"With TROPION-Lung01, we met the dual primary endpoint of progression-free survival, challenging the entrenched standard of care in a previously treated and unselected patient population that has long deserved an alternative to chemotherapy," said Susan Galbraith, AstraZeneca's executive vice-president of oncology research and development.

"These first phase three trial results from the datopotamab deruxtecan clinical programme provide compelling evidence for the potential role this TROP2-directed antibody drug conjugate can play in treating patients with lung cancer."

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 12,138.00p
Change Today -34.00p
% Change -0.28 %
52 Week High 12,370.00
52 Week Low 9,501.00
Volume 331,321
Shares Issued 1,550.24m
Market Cap £188,168m
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
13:48 50 @ 12,138.51p
13:48 0 @ 12,138.00p
13:48 73 @ 12,138.00p
13:48 16 @ 12,138.00p
13:48 194 @ 12,139.00p

AstraZeneca Key Personnel

Chair Michel Demare

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