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's latest lung cancer trial fails its primary endpoint

By Josh White

Date: Tuesday 14 Nov 2023

LONDON (ShareCast) - (Sharecast News) - AstraZeneca announced on Tuesday that its 'PACIFIC-2' phase three trial for Imfinzi, or durvalumab, concurrently administered with chemoradiotherapy (CRT), did not achieve its primary endpoint of progression-free survival compared to CRT alone.
The FTSE 100 pharmaceuticals giant said the trial aimed to address the treatment of patients with unresectable stage three non-small cell lung cancer (NSCLC) who either progressed or discontinued treatment during CRT, rendering them ineligible for the established 'PACIFIC' regimen, where Imfinzi is sequentially administered after platinum-based CRT.

Initial analysis of safety and tolerability for the concurrent administration of Imfinzi and CRT in the patient population revealed profiles broadly consistent with each treatment's known profiles.

However, it noted an increased infection rate was observed during the concurrent treatment period in the experimental arm of the trial.

Despite the outcome of the PACIFIC-2 trial, AstraZeneca said it was still advancing lung cancer treatment.

The company was conducting several ongoing registrational trials focusing on testing Imfinzi in various stages of lung cancer, including assessing Imfinzi in resectable NSCLC, medically inoperable or unresected stage one and two NSCLC, unresectable stage three NSCLC, and limited-stage small-cell lung cancer (SCLC).

"Our goal with the PACIFIC-2 trial was to address a remaining unmet need for patients in this setting by introducing immunotherapy even earlier and concurrently administering Imfinzi with chemoradiotherapy," said the company's executive vice-president of oncology research and development, Susan Galbraith.

"While today's results did not reach statistical significance, we will learn from this trial and we remain committed to improving patient outcomes by expanding the benefit of immunotherapy to lung cancer patients across treatment settings."

At 0902 GMT, shares in AstraZeneca were down 0.33% at 10,216p.

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 12,172.00p
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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