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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 |
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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