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Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

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Share Price: 12,370.00
Bid: 12,370.00
Ask: 12,374.00
Change: 38.00 (0.31%)
Spread: 4.00 (0.032%)
Open: 12,350.00
High: 12,432.00
Low: 12,314.00
Prev. Close: 12,332.00
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AstraZeneca to raise ?2.7bn for cancer collab, bond repayment

Fri, 29th Mar 2019 08:03

(Sharecast News) - AstraZeneca plans to raise $3.5bn (£2.7bn) in a share placing to fund a new cancer drug collaboration with Japan's Daiichi Sankyo and repay some of its bonds.The collaboration is to accelerate the development of the Japanese company's novel HER2-targeting antibody-drug conjugate, trastuzumab deruxtecan, expanding the treatment across breast and other cancers.Astra will pay $1.35bn of the net placing cash to Daiichi Sankyo, of which half will be paid up-front and the rest in 12 months' time. There are also expected to be roughly $1bn of approval and sales-related contingent milestone payments starting from next year until 2022.Trastuzumab deruxtecan is currently in development for the treatment of multiple HER2-expressing cancers, including breast and gastric cancer, and in patients with HER2-low expression.In 2017, the US regulator awarded the conjugate was breakthrough therapy designation for the treatment of patients with HER2-positive, locally-advanced or metastatic breast cancer who have been treated with trastuzumab and pertuzumab and have disease progression after trastuzumab emtansine.Astra chief executive Pascal Soriot said: "We believe that trastuzumab deruxtecan could become a transformative new medicine for the treatment of HER2-positive breast and gastric cancers."In addition, it has the potential to redefine breast cancer treatment as the first therapy for HER2-low expressing tumours. It also has the potential to treat other HER2-mutated orHER2-overexpressing cancers, including lung and colorectal cancers. We are proud to be working with Daiichi Sankyo, a long-term collaborator of AstraZeneca in other disease areas."Another $1bn of the placing funds will be used to pay off its 1.95% bonds due on 18 September 2019, with the remainder of the placing proceeds held as cash to help strengthen the balance sheet.
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TOP NEWS: AstraZeneca ups guidance; inks licence deal for obesity drug

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9 Nov 2023 07:18

AstraZeneca hikes guidance after strong third quarter

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3 Nov 2023 17:06

AstraZeneca plans next phase of trial on kidney drug combination data

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3 Nov 2023 11:34

AstraZeneca's Lokelma lets kidney disease patients maintain therapy

(Alliance News) - AstraZeneca PLC on Thursday celebrated results from an observational study, which showed that treating hyperkalaemia with the potassium binder, Lokelma, allows chronic kidney disease and heart failure patients to maintain RAASi therapy.

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2 Nov 2023 15:57

UK earnings, trading statements calendar - next 7 days

Friday 3 November 
no events scheduled 
Monday 6 November 
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Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 7 November 
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Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
RS Group PLCHalf Year Results
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
Wednesday 8 November 
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ITV PLCTrading Statement
JD Wetherspoon PLCQ1 Results
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MaxCyte IncQ3 Results
Secure Trust Bank PLCTrading Statement
Smiths News PLCFull Year Results
Time Out Group PLCFull Year Results
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Apax Global Alpha LtdQ3 Results
AstraZeneca PLCQ3 Results
Auto Trader Group PLCHalf Year Results
B&M European Value Retail SAHalf Year Results
Domino's Pizza Group PLCTrading Statement
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Flutter Entertainment PLCTrading Statement
IMI PLCTrading Statement
Indivior PLCQ3 Results
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Lancashire Holdings LtdTrading Statement
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Regional REIT LtdTrading Statement
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Taylor Wimpey PLCTrading Statement
TBC Bank Group PLCQ3 Results
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Vistry Group PLCTrading Statement
WH Smith PLCFull Year Results
Wincanton PLCHalf Year Results
Wizz Air Holdings PLCHalf Year Results
  
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1 Nov 2023 08:59

AstraZeneca launches collaboration and investment deal with Cellectis

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1 Nov 2023 07:33

AstraZeneca invests $220m in French gene-editing group Cellectis

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25 Oct 2023 11:04

PRESS: Soriot commits to five more years as AstraZeneca CEO - Times

(Alliance News) - Pascal Soriot has committed to remaining as chief executive officer of AstraZeneca PLC for another five years, The Times reported on Wednesday.

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