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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  AstraZeneca    AZN   GB0009895292

ASTRAZENECA (AZN)
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AstraZeneca : European Medicines Agency Recommends Asthma Treatment Approval

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11/10/2017 | 01:23pm CET

By Adam Clark

AstraZeneca PLC (AZN.LN) said Friday that the European Medicines Agency has recommended the marketing authorization of its benralizumab drug for asthma treatment.

The pharmaceutical company said the recommendation is based on phase 3 clinical trial data and is an important step towards providing a next-generation treatment for severe, uncontrolled asthma patients.

The positive opinion will now be reviewed by the European Commission, which has the authority to approve medicines for the European Union. The drug is also under regulatory review in the U.S., Japan and several other countries.

Shares are down 54 pence, or 1.1%, at 4908 pence at 1203 GMT.

Write to Adam Clark at [email protected]; @AdamDowJones

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Financials ($)
Sales 2017 21 797 M
EBIT 2017 5 886 M
Net income 2017 2 296 M
Debt 2017 12 460 M
Yield 2017 4,13%
P/E ratio 2017 33,28
P/E ratio 2018 27,92
EV / Sales 2017 4,40x
EV / Sales 2018 4,40x
Capitalization 83 533 M
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 68,1 $
Spread / Average Target 3,0%
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Managers
NameTitle
Pascal Soriot Chief Executive Officer & Executive Director
Leif Valdemar Johansson Non-Executive Chairman
Pam P. Cheng Executive VP-Operations & Information Technology
Marc Dunoyer Chief Financial Officer & Executive Director
Sean Bohen Chief Medical Officer & Executive Vice President
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