Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 12,118.00
Bid: 12,120.00
Ask: 12,124.00
Change: 68.00 (0.56%)
Spread: 4.00 (0.033%)
Open: 11,966.00
High: 12,162.00
Low: 11,966.00
Prev. Close: 12,050.00
AZN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-AstraZeneca chases Acerta to secure next cancer drug winner

Mon, 14th Dec 2015 13:59

* AstraZeneca confirms talks with biotech firm Acerta

* Signals determination to build up cancer drug business

* "No certainty" that any deal will be agreed (Adds comment on other potential bidders for Acerta)

By Ben Hirschler

LONDON, Dec 14 (Reuters) - AstraZeneca said onMonday it was in talks that might lead to the acquisition ofprivately held biotech firm Acerta Pharma, a potential $5billion-plus deal designed to build up its cancer drugportfolio.

"AstraZeneca confirms that it is exploring potentialstrategic options with Acerta Pharma BV. There can be nocertainty that any transaction will ultimately be entered into,or as to the terms of any transaction," it said in a briefstatement.

Credit Suisse analysts said acalabrutinib's considerablepotential could also encourage other potential buyers. "IfAcerta is open to a transaction, we would expect significantinterest from multiple other bidders," they said in a note.

The Wall Street Journal had reported on Friday that theBritish drugmaker was looking to buy Acerta for more than $5billion to gain access to its experimental blood cancer drugacalabrutinib.

Acalabrutinib works in a similar way to Imbruvica, which wasdeveloped by Pharmacyclics but is now controlled by AbbVie after the U.S. drugmaker bought Pharmacyclics for $21billion earlier this year. Johnson & Johnson jointlymarkets Imbruvica.

Both drugs are so-called Burton's tyrosine kinase inhibitorsthat target an array of blood cancers and have the potential tobecome multibillion-dollar-a-year sellers, according to industryanalysts. They may also help in autoimmune diseases like lupus.

Given pharmaceutical companies' current heated interest inoncology, Bernstein analyst Tim Anderson said it was notsurprising that Acerta, based in California and the Netherlands,was an acquisition candidate.

PIPELINE BOOST

Acerta does not yet have a partner to help develop itsleading drug, although it has agreed to test acalabrutinib incombination with Merck's Keytruda.

Acerta is running a wide range of cancer clinical trials,including two final-stage Phase III studies. Last week itreported positive results in leukaemia.

The decision to chase after Acerta reflects a determinationby AstraZeneca Chief Executive Pascal Soriot to use deals toboost his company's pipeline as sales of older blockbusters,including cholesterol fighter Crestor, lose patent protection.

Last month he agreed to buy ZS Pharma, a specialistin treating high potassium levels, for $2.7 billion.

The biggest hopes are pinned on oncology, however, whereAstraZeneca already has a goal of bringing six new cancertreatments to market by 2020.

Its new lung cancer pill Tagrisso, which it believes couldsell $3 billion a year, was approved last month and the companyalso recently launched Lynparza for ovarian cancer.

Buying Acerta would take AstraZeneca into the less familiarterritory of blood cancers and some analysts said the movesuggested a bigger commitment to this area of oncology thaninitially expected.

Earlier this year AstraZeneca signed a deal to co-developanother cancer drug, durvalumab, in blood cancers with Celgene because it said at the time it had limited experiencein the field. (Editing by Mark Potter and Keith Weir)

More News
16 Apr 2024 08:39

AstraZeneca's hails Imfinzi survival data on cancer form

(Alliance News) - AstraZeneca PLC on Tuesday said that its immunotherapy Imfinzi showed positive survival rate in people with advanced biliary tract cancer.

Read more
12 Apr 2024 12:55

EU regulator rules out link between weight-loss drugs and suicidal thoughts

April 12 (Reuters) - The European Union drug regulator found no evidence that a class of diabetes and weight-loss drugs such as Novo Nordisk's hugely popular Wegovy, are linked to suicidal thoughts, it said on Friday, ending a nine-month probe.

Read more
11 Apr 2024 18:51

AstraZeneca CEO could earn 19 million pounds as pay measure clears opposition

Policy approved with two-third of votes in favour

*

Read more
11 Apr 2024 17:13

FTSE 100 edges lower as financials drag

Lok'nStore surges to all-time high after buyout by Shurgard

*

Read more
11 Apr 2024 17:07

Banks weigh down Europe's STOXX 600 after ECB signals rate cuts

Outlook hike sends Ambu shares up

*

Read more
11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

Read more
11 Apr 2024 11:50

LONDON MARKET MIDDAY: Europe takes hit on nerves ahead of ECB decision

(Alliance News) - European equities sunk lower at midday on Thursday, with sentiment hurt by hotter-than-expected inflation from the US crushing hopes of interest rate cuts.

Read more
11 Apr 2024 08:56

TOP NEWS: Astra plans 7% dividend hike for 2024 after no rise in 2023

(Alliance News) - AstraZeneca PLC said it intends to raise its annualised dividend for 2024, citing confidence in its business performance and cash generation.

Read more
11 Apr 2024 08:54

LONDON MARKET OPEN: European markets mixed ahead of ECB decision

(Alliance News) - European equities lacked direction early Thursday morning, ahead of an interest rate decision from the European Central Bank this afternoon.

Read more
11 Apr 2024 07:49

LONDON BRIEFING: Astra promises dividend hike; Darktrace ups guidance

(Alliance News) - Stocks in London are called to open slightly higher on Thursday, as investors eye the latest interest rate decision from the European Central Bank, a day after a hotter-than-expected US inflation reading.

Read more
11 Apr 2024 07:20

AstraZeneca to hike 2024 dividend by 7%

(Sharecast News) - Biopharma giant AstraZeneca has announced that it will increase its annual dividend by 7%, which the board said demonstrates its confidence in the company's performance and cash generation.

Read more
8 Apr 2024 08:36

TOP NEWS: AstraZeneca hails neurological data for Ultomiris, Soliris

(Alliance News) - AstraZeneca PLC on Monday said long-term data in generalised myasthenia gravis will underscore the "vital role" of its Ultomiris and Soliris antibodies in the treatment landscape.

Read more
8 Apr 2024 07:43

LONDON BRIEFING: Astra hails neurology data; CVS flags cyberattack

(Alliance News) - London's FTSE 100 is called to open a touch higher on Monday, ahead of an interest rate decision in the eurozone and a US inflation reading later in the week.

Read more
8 Apr 2024 07:02

AstraZeneca's Enhurtu cancer gets US green light for adult patients

(Sharecast News) - AstraZeneca and Daiichi Sankyo's Enhertu cancer drug has been approved in the US for adult patients with unresectable or metastatic solid tumours who have received prior systemic treatment and have no satisfactory alternative options.

Read more
8 Apr 2024 06:53

TOP NEWS: AstraZeneca's, Daiichi's Enhertu receives US FDA approval

(Alliance News) - AstraZeneca PLC and Daiichi Sankyo Co Ltd on Saturday announced that the US Food & Drug Administration has approved their cancer drug conjugate for patients with metastatic HER2-positive solid tumours.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.