techMARK (TASX)

4,550.23
   
  • Change Today:
      34.68
  • 52 Week High: 4,740.82
  • 52 Week Low: 3,951.85

Citi reiterates 'buy' on AstraZeneca on the back of trial results for Enhertu against breast cancer

By Alexander Bueso

Date: Wednesday 22 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation for shares of AstraZeneca following the release of the results of the DESTINY-Breast 04 clinical trial using its Enhertu treatment against metastatic breast cancer.


The milestone meant that revenues from Enhertu were set to be turbo-charged and see an inflection point in sales of the same.

Inclusion of the above data into National Comprehensive Cancer Network's guidelines should allow for reimbursement of the cost to patients under both commercial and Medicare plans, they said.

They also anticipated that Enhertu would be used in nearly all patients with refractory metastatic breast cancer, expanding the market from 25% to approximately 100%.

Citi kept its target price at 105.0p.

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.

 

Price Data

Price 4,550.23
Change Today 34.68
% Change 0.77 %
26-Apr-24 Close 4,550.23

Top Risers

Price Change
NCC 134.40p +5.2%
APTD 304.00p +4.1%
OXB 228.50p +3.9%
RSW 4,195.00p +3.2%
GNS 1,736.00p +1.9%
SN. 981.00p +1.7%
BA. 1,340.00p +1.5%
SGE 1,173.00p +1.1%
CCC 2,572.00p +0.9%
GSK 1,653.00p +0.8%

Top Fallers

Price Change
TRD 246.00p -5.4%
XAR 114.50p -4.6%
OXIG 2,180.00p -2.0%
BVC 18.93p -1.4%
XPP 1,084.00p -1.1%
RCDO 448.00p -0.4%
SPT 194.70p -0.2%
DIA 160.50p -0.0%

Top of Page