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Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

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Share Price: 12,416.00
Bid: 12,414.00
Ask: 12,418.00
Change: 18.00 (0.15%)
Spread: 4.00 (0.032%)
Open: 12,432.00
High: 12,482.00
Low: 12,406.00
Prev. Close: 12,398.00
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AstraZeneca lung cancer drug delays disease by more than a year

Fri, 17th Apr 2015 07:00

LONDON, April 17 (Reuters) - An experimental lung cancerpill from AstraZeneca delays disease progression by morethan a year, according to new data presented at a medicalmeeting on Friday.

AZD9291, which the company expects to file for U.S. approvalin the second quarter of 2015, is one of a number of cancermedicines AstraZeneca is hoping will rebuild its sales followingpatent losses on older drugs.

An analysis presented at the European Lung Cancer Conferencein Geneva demonstrated a median progression-free survival forpatients on the drug of 13.5 months.

AZD9291, like a rival product in development at ClovisOncology, targets a genetic mutation that helps tumoursevade current lung cancer pills, including AstraZeneca's ownestablished product Iressa.

During its defence against a $118 billion takeover attemptby Pfizer last year, AstraZeneca said it believedAZD9291 could sell as much as $3 billion a year. (Reporting by Ben Hirschler. Editing by Jane Merriman)

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