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 gets new FDA RSV approval, partners with Quell

By Josh White

Date: Friday 09 Jun 2023

LONDON (ShareCast) - (Sharecast News) - AstraZeneca announced on Friday that the US Food and Drug Administration (FDA) Antimicrobial Drugs Advisory Committee (AMDAC) had unanimously voted in favour of 'nirsevimab' as a preventive treatment for respiratory syncytial virus (RSV) lower respiratory tract disease (LRTD) in newborns and infants.
The pharmaceuticals giant said that in addition, the committee also voted 19 to 2 in support of nirsevimab's favourable benefit-risk profile for children up to 24 months of age who remained vulnerable to severe RSV disease through their second RSV season.

It said nirsevimab, a single-dose treatment, can be administered flexibly either at the beginning of the RSV season or at birth for newborns born during the RSV season.

The FDA previously accepted the Biologics License Application (BLA) for nirsevimab in 2022, with the agency has expressing its commitment to expediting the review process.

AstraZeneca said the Prescription Drug User Fee Act date was expected to be in the third quarter, and if approved by that time, nirsevimab would be available in the US ahead of the upcoming 2023-2024 RSV season.

"We are delighted that the Antimicrobial Drugs Advisory Committee has unanimously recognised the favourable benefit risk profile of nirsevimab as the first preventative option against RSV for a broad infant population," said the company's executive vice-president of vaccines and immune therapies, Iskra Reic.

"Nirsevimab builds on AstraZeneca's strong science, leadership in RSV and commitment to addressing the needs of the most vulnerable.

"We look forward to continuing to work with the FDA to complete their expedited review, and we hope to see nirsevimab available as soon as possible given the significant burden of RSV in infants."

In a separate development, AstraZeneca announced a collaboration with Quell Therapeutics, focusing on the development of multiple engineered T-regulator (Treg) cell therapies for the treatment of type-1 diabetes (T1D) and inflammatory bowel disease (IBD).

The company said the collaboration would involve an exclusive option and license agreement.

Under the agreement, AstraZeneca would leverage Quell's proprietary toolbox of Treg cell engineering modules, including its innovative Foxp3 Phenotype Lock, to develop autologous multi-modular Treg cell therapy candidates for major autoimmune disease indications.

"This is a very exciting collaboration with Quell as we look to expand our next-generation therapeutic toolbox and explore the untapped potential with Treg cell therapies in autoimmune indications," said executive vice-president of biopharmaceuticals research and development Mene Pangalos.

"This is aligned with our strategy to target underlying disease drivers to stop or slow disease progression and ultimately accelerate the delivery of transformative care to patients with chronic autoimmune conditions."

At 0951 BST, shares in AstraZeneca were up 0.68% at 11,830p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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
92.74% below the market average92.74% below the market average92.74% below the market average92.74% below the market average92.74% 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
59.31% above the market average59.31% above the market average59.31% above the market average59.31% above the market average59.31% above the market average
70.37% above the sector average70.37% above the sector average70.37% above the sector average70.37% above the sector average70.37% above the sector average
Income
91.42% below the market average91.42% below the market average91.42% below the market average91.42% below the market average91.42% 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
82.31% above the market average82.31% above the market average82.31% above the market average82.31% above the market average82.31% 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
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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

Top of Page