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AZN Astrazeneca Plc

12,370.00
38.00 (0.31%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Astrazeneca Plc 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
  38.00 0.31% 12,370.00 12,368.00 12,372.00 12,432.00 12,314.00 12,350.00 1,418,212 16:29:59
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 45.81B 5.96B 3.8415 32.20 191.76B

AstraZeneca Gets Orphan Drug Designation for Lung Disease Treatment

18/03/2019 7:38am

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By Adam Clark

 

AstraZeneca PLC (AZN.LN) said Monday that the U.S. Food & Drug Administration has granted orphan drug designation for potential lung-disease treatment saracatinib.

The drug company said saracatinib has completed phase 1 development as a treatment for idiopathic pulmonary fibrosis, a chronic and normally fatal disease that affects around 100,000 people in the U.S.

"IPF is a recent addition to our respiratory research strategy and we are interested to see whether saracatinib could be a useful approach for the treatment of this intractable disease," Mene Pangalos, executive vice-president at AstraZeneca, said.

 

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

 

(END) Dow Jones Newswires

March 18, 2019 03:23 ET (07:23 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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