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AZN AstraZeneca PLC

54.17
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
AstraZeneca PLC NYSE:AZN NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 54.17 0 01:00:00

AstraZeneca Offloads Non-Core Products to Raise Money for New Drugs -- Market Talk

13/11/2018 9:40am

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0910 GMT - AstraZeneca's partial divestment of anti-infective treatment Synagis to Sobi follows a pattern of deals that offload "non-core" products to raise money for its pipeline of new drugs. Synagis, a treatment that prevents respiratory tract infections in infants, falls outside of AstraZeneca's focus areas of cancer, diabetes, cardiovascular medicine, and chronic respiratory conditions like asthma. Astra has sold off a string of drugs that do not fit into these areas in recent years, and plowed the proceeds into research and marketing for those that do. Astra shares are up 0.9% to GBP63.09 Tuesday morning. ( denise.roland@wsj.com ; @deniseroland) -0---Denise RolandREPORTER O: +44 (0)

 

(END) Dow Jones Newswires

November 13, 2018 04:25 ET (09:25 GMT)

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

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