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Medical - Drugs
AstraZeneca PLC (AZN)
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10/5/2016 3:25:18 AM
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AstraZeneca PLC discovers, develops, manufactures, and markets prescription pharmaceuticals in the areas of cardiovascular, gastrointestinal, neuroscience, oncology, respiratory and inflammation, and infection worldwide. Its products include Arimidex for hormonal breast cancer; Crestor that provides treatment for managing cholesterol levels; Nexium for acid-related diseases; Seroquel, an atypical anti-psychotic therapy for treating schizophrenia and bipolar mania; and Symbicort for the maintenance treatment of asthma in patients. The company also engages in the research, development, manufacture, and marketing of medical devices and implants for use in urology, surgery, and odontology. In addition, it develops and manages out-patient cancer centers in the United States. AstraZeneca markets its products to primary care and specialist physicians, as well as to other healthcare professionals, governments, and healthcare buying groups through sales and marketing network, local marketing companies, distributors, or local representative offices. It has strategic alliances with AtheroGenics, Inc.; Pozen, Inc.; Bristol-Myers Squibb Company; Cambridge Antibody Technology Group plc; KuDOS Pharmaceuticals Limited; WuXi Pharmatech Co., Ltd; and ChemBridge; and a strategic partnership with Peking University Third Hospital. The company also has collaborations with Palatin Technologies, Inc.; Schering AG; Protherics PLC; Targacept, Inc.; Abgenix; Dyax Corp.; Abbott Laboratories; BioFocus DPI; Silence Therapeutics plc; Argenta Discovery Limited; Effector Cell Institute; Cancer Research Technology Limited; Beatson Institute for Cancer Research; and Myriad Genetics, Inc. It has an agreement with Biovator AB to co-operate on the development of an in vitro-test that identifies potential allergens. AstraZeneca was founded in 1992. It was formerly known as Zeneca Group PLC and changed its name to AstraZeneca PLC in 1999. The company is headquartered in London, the United Kingdom.
AstraZeneca Shrugs Off Pipeline Concerns
Tuesday November 20, 2:30 pm ET
By Jennifer Sterling, AP Business Writer
AstraZeneca R&D Head Asserts That Beefed-Up Pipeline Will Offset Wall Street's Growth Fears
AstraZeneca is one of several branded pharmaceutical companies struggling to fend off competition from cheaper, generic drugs. The stock, which hit a new year-low of $43.76 on Tuesday, is down nearly 16 percent for the year.
But Patterson insists the company's improved research and development strategy will offset the effect of generics, and points to vaccine and biotech drug candidates acquired in AstraZeneca's June takeover of MedImmune Inc.
However, for the most part, analysts say their main concern is the declining performance of the company's top-selling drugs. Credit Suisse on Tuesday lowered its price target on AstraZeneca shares to 23.75 pounds ($48.74) from 26.25 pounds ($53.87), due in part to a recent patent challenge facing Crestor as well as slowing growth in the U.K.
Bear Stearns analyst Alexandra Hauber said in a recent note to investors that Crestor's market share has been flat in the slowing cholesterol market.
"The key issue in coming weeks is whether Crestor's prescriptions can accelerate on the back of the new atherosclerosis label," she said. Earlier this month, the FDA approved Crestor for a new use against an artery disease that can lead to heart attack and stroke.
In addition to generic competition, AstraZeneca has faced the loss of late-stage drug candidates in recent years. Most recently, its compound ZD4054 for prostate cancer failed a midstage study. The Phase III drug setbacks, in particular, compelled AstraZeneca to create an R&D strategy focused on speed, Patterson said.
"We realized our pipeline just wasn't good enough," he said. "We had to turn things around."
An internal speed initiative was launched in October to push medicines through development faster, by setting time targets for each phase of development, Patterson added.
Among other new priorities, the drugmaker has placed biologics, diabetes, cancer and vaccine treatment candidates at the forefront. AstraZeneca has also sought to maximize uses for blockbuster products like Crestor and anti-psychotic Seroquel, which also recently received expanded approval from the Food and Drug Administration.
And like other branded drugmakers, AstraZeneca has beefed up its pipeline through acquisitions. Helped by the purchase of nasal spray flu vaccine maker MedImmune, the company now has eight new drugs in late-stage development, double the number at the start of 2007. The MedImmune deal instantly boosted AstraZeneca's proportion of biotechnology drugs in development to 27 percent from just 7 percent, and gave it entry to the coveted vaccine space.
However, the deal only added one late-stage drug candidate to AstraZeneca's pipeline -- motavizumab, a humanized monoclonal antibody designed to prevent serious lower respiratory tract disease.
Patterson, nonetheless, brushes off criticism from analysts who have called the pipeline thin.
"I believe we're going to prove analysts wrong. They're entitled to their opinion of our pipeline, but it's hard to say AstraZeneca's pipeline is empty," he said. "No doubt about it, we will be bringing a stream of medicines to market that will be valuable and differentiated, and good for patients and AstraZeneca."
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AZN Detailed Quote
AZN News: Allergan to Present New Data from its Anti-Infectives Portfolio at IDWeek 2016 in New Orleans
AZN News: Fulvestrant Demonstrates Progression-Free Survival Advantage in 1st Line Advanced Breast Cancer
10/08/2016 08:00:00 AM
AZN News: New Study Shows Increases in RSV Hospitalization among High-Risk Preterm Infants
10/05/2016 07:00:00 AM
AZN News: Insmed Announces Worldwide License Agreement with AstraZeneca for Oral DPP1 Inhibitor
10/05/2016 06:55:00 AM
AZN News: US FDA Approves TAGRISSO® (osimertinib) Blood-Based T790M Companion Diagnostic Test
09/29/2016 07:00:00 AM
Allergan to Present New Data from its Anti-Infectives Portfolio at IDWeek 2016 in New Orleans
10/24/2016 08:05:00 AM
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10/05/16 03:25:18 AM
Who blacked out portions of this link? Why
09/29/16 04:01:16 AM
: Then there is this PPHM conference call
09/28/16 03:43:38 PM
There must be a reason behind this
09/28/16 02:55:18 PM
FDA To Decide On AstraZeneca ZS-9
05/16/16 12:49:30 PM
04/25/16 07:36:42 PM
AZN buys ZS Pharma...2.7 billion $$$. Cardiovascular sector
11/06/15 06:55:12 AM
Meantime,nearly 2 years later, perhaps AZN will find
03/24/15 06:50:17 PM
Awesome relative strength in AstraZeneca. I think that
Stock Trading Guru
01/29/15 11:15:40 AM
AstraZeneca says Pegasus-TIMI 54 study met primary efficacy endpoint
01/14/15 07:06:57 AM
AstraZeneca ovarian cancer drug wins European green light
10/24/14 11:17:22 AM
WISH you would have twisted my arm not
05/19/14 10:24:14 AM
Monday’s pre-market earnings report was not a strong
05/05/14 05:45:16 PM
AZN rejects PFE’s sweetened offer: #msg-101495787.
05/03/14 01:22:22 PM
PFE sweetens offer for AZN to nominal value
05/02/14 07:12:32 PM
PFE RAISING ITS STAKE TO BUY AZN
05/01/14 12:25:06 PM
AZN rejects PFE—at least for the time being: #msg-101233685.
04/28/14 06:45:53 PM
Looks like- it is not over yet!! Speculators
04/28/14 07:44:36 AM
PFE's $101B offer was rejected, according to the
04/25/14 03:50:12 PM
I think they have an offer of $100
04/21/14 02:57:56 PM
As some of AZN drugs are maturing and
04/21/14 03:30:02 AM
AstraZeneca has been particularly aggressive recently as it
06/09/13 10:19:16 AM
AZN settles Crestor US patent case: #msg-86062636.
03/25/13 08:32:25 AM
Article on AZN’s surprising deal with Moderna: #msg-85963357.
03/21/13 04:38:41 PM
The Swedes have the money now to
03/18/13 11:19:06 PM
AZN is a pretty screwed-up company. There's no
03/18/13 01:04:31 PM
and also some golden handshakes to the tune
03/18/13 01:03:08 PM
AZN cuts 200 jobs from MedImmune sites: #msg-77559522.
07/16/12 06:14:10 PM
Azn acquired rdea. Creates excellent pipeline.
06/19/12 12:15:56 PM
AZN - BRILINTA® (ticagrelor) Added to American College
02/21/12 04:45:39 PM
AZN axes 7,300 jobs, forecasts “challenging” 2012:
02/02/12 03:43:29 AM
FDA issues CRL for dapagliflozin; new trials likely: #msg-71051610.
01/19/12 08:07:57 AM
AZN buys Guangdong BeiKang Pharmaceutical for undisclosed price:
12/08/11 06:42:46 AM
Industry is changing. No longer "truly" selling. They
12/07/11 06:39:47 PM
AZN axes 24% of US salesforce: #msg-69710774.
12/07/11 06:30:18 PM
AZN - KOMBOGLYZE(TM) Receives Marketing Authorisation in the
11/29/11 09:30:20 AM
AZN - ONGLYZA® (saxagliptin) Approved for Use in
11/28/11 02:21:33 PM
Link to recent updates on the KODIAC trial:
11/22/11 11:06:55 AM
AZN - U-M Medical School and MedImmune Join
11/22/11 08:00:31 AM
AZN - INSERTING & REPLACING BRILINTA™ (ticagrelor) Receives
11/08/11 04:56:43 PM
AZN - U.S. Food and Drug Administration Extends
10/26/11 04:56:32 PM
AZN - AstraZeneca Enters Into a Settlement Agreement
09/29/11 08:28:12 PM
AZN - AstraZeneca Announces U.S. Enrollment Opportunities for
08/02/11 09:05:03 AM
AZN - FDA Approves New Medicine BRILINTA™ (ticagrelor)
07/20/11 05:59:11 PM
AZN - FluMist® (Influenza Vaccine Live, Intranasal) Begins
07/18/11 01:18:51 PM
AZN - Investigational Study Reported ONGLYZA™ (saxagliptin) Added
06/25/11 08:30:50 AM
AZN expands presence in Russia: #msg-64341283.
06/17/11 05:59:46 AM
Thanks for the link. Have been watching AZN
05/31/11 09:37:04 AM
Armand Brevig former the Global (Content Procurement) Category
05/31/11 09:35:26 AM
- GPCR are a very good possible
05/31/11 09:35:00 AM
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