Share Name Share Symbol Market Type Share ISIN Share Description
AstraZeneca LSE:AZN London Ordinary Share GB0009895292 ORD SHS $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +62.50p +1.25% 5,043.00p 5,043.00p 5,045.00p 5,054.00p 4,984.50p 5,000.00p 2,682,282 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 18,627.4 2,876.5 224.3 25.2 63,855.56

AstraZeneca Receives FDA Approval for Breast Cancer Treatment

12/01/2018 5:01pm

Dow Jones News


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By Adam Clark

 

AstraZeneca PLC (AZN.LN) said Friday that the U.S. Food & Drug Administration agency has approved its Lynparza drug for treatment of patients with metastatic breast cancer.

The biopharmaceutical company said Lynparza reduced the risk of disease progression or death by 42% compared with standard chemotherapy in clinical trials. The authorization is the third indication approved for Lynparza in the U.S., where it is already used to treat ovarian cancer.

AstraZeneca said that as part of its oncology collaboration with Merck & Co. Inc. (MRK) it will receive $70 million in externalization revenue following the new approval. The agreement sees AstraZeneca potentially eligible for over $6 billion in externalization revenue in the form of sales and approval-related payments, said the company.

AstraZeneca shares at 1619 GMT were up 13 pence, or 0.3%, at 5,145 pence.

 

Write to Adam Clark at adam.clark@dowjones.com

 

(END) Dow Jones Newswires

January 12, 2018 11:46 ET (16:46 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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