AstraZeneca (AZN)

Sector:

Pharma and Biotech

Index:

FTSE 100

10,062.00p
   
  • Change Today:
      93.00p
  • 52 Week High: 13,276.00p
  • 52 Week Low: 9,501.00p
  • Currency: UK Pounds
  • Shares Issued: 1,550.30m
  • Volume: 2,714,221
  • Market Cap: £155,992m
  • RiskGrade: 123
  • Beta: 0.87

Hutchmed reports positive results from AstraZeneca lung cancer collaboration

By Josh White

Date: Wednesday 16 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Hutchmed China announced positive results from its Savannah phase two trial on Wednesday, which studied the combination of 'Tagrisso', or osimertinib, and 'Orpathys', or savolitinib, in treating patients with epidermal growth factor receptor-mutated (EGFRm) non-small cell lung cancer (NSCLC), who had high levels of MET overexpression or amplification and whose disease progressed after treatment with Tagrisso.
The AIM-traded pharmaceuticals company said the trial demonstrated a high, clinically-meaningful and durable objective response rate (ORR), with the data to be presented at an upcoming medical conference and shared with regulatory authorities globally.

It said Orpathys, a potent and selective MET tyrosine kinase inhibitor, was being jointly developed with AstraZeneca and was already approved in China for treating NSCLC patients with MET exon 14 skipping alterations who had progressed following systemic therapy or who could not receive chemotherapy.

EGFR-targeted therapies like Tagrisso are initially effective for patients with EGFRm NSCLC, but many develop resistance, often linked to MET overexpression or amplification.

Hutchmed said that in the Savannah trial, 62% of patients screened had tumours with MET overexpression, with 34% meeting the high MET level cut-off upon clinical progression.

It said the safety profile of the combination therapy was consistent with prior data, with no new safety signals identified.

The results built on earlier positive findings presented at the 2022 World Conference on Lung Cancer.

Hutchmed said the ongoing global Saffron phase three trial, sponsored by AstraZeneca, would further evaluate the combination of Tagrisso and Orpathys versus platinum-based chemotherapy in patients with advanced or metastatic EGFRm NSCLC who exhibit MET overexpression or amplification after progressing on Tagrisso.

"Previous results from the Savannah phase two trial provided a novel biomarker approach for identifying patients with MET overexpression or amplification, who are most likely to benefit from a MET-directed therapy, an existing unmet need," said Hutchmed's chief executive and chief scientific officer, Weiguo Su.

"These new, positive results affirm our selective, patient-centric approach, which could allow us to deliver the first biomarker-driven targeted therapy combination option in this setting."

At 1115 BST, shares in Hutchmed China were up 5.6% at 299.9p.

Reporting by Josh White for Sharecast.com.

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AstraZeneca Market Data

Currency UK Pounds
Share Price 10,062.00p
Change Today 93.00p
% Change 0.93 %
52 Week High 13,276.00p
52 Week Low 9,501.00p
Volume 2,714,221
Shares Issued 1,550.30m
Market Cap £155,992m
Beta 0.87
RiskGrade 123

AstraZeneca Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.66% below the market average87.66% below the market average87.66% below the market average87.66% below the market average87.66% below the market average
88% below the sector average88% below the sector average88% below the sector average88% below the sector average88% below the sector average
Price Trend
27.11% below the market average27.11% below the market average27.11% below the market average27.11% below the market average27.11% below the market average
34.69% above the sector average34.69% above the sector average34.69% above the sector average34.69% above the sector average34.69% above the sector average
Income
78.05% below the market average78.05% below the market average78.05% below the market average78.05% below the market average78.05% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
88.44% above the market average88.44% above the market average88.44% above the market average88.44% above the market average88.44% 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 21-Nov-2024

Time Volume / Share Price
15:34 0 @ 9,999.00p
15:18 1 @ 10,014.00p
15:20 0 @ 9,999.00p
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16:36 1,424 @ 10,062.00p

AstraZeneca Key Personnel

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