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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  AstraZeneca    AZN   GB0009895292

ASTRAZENECA (AZN)
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AstraZeneca : Imfinzi fails to meet main goals in head and neck cancer study

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12/07/2018 | 08:55am CET
A sign is seen at an AstraZeneca site in Macclesfield

(Reuters) - AstraZeneca Plc immunotherapy treatment Imfinzi did not meet the main goals in a late-stage study for advanced head and neck cancer, the London-listed drugmaker said on Friday.

The study, known as "EAGLE", did not improve overall survival compared with standard chemotherapy in patients with the hard-to-treat disease, the company said.

The results come after AstraZeneca warned last month that its immunotherapy treatment Imfinzi did not meet the main goal of improving survival rates for patients with the most advanced form of lung cancer, putting pressure on its shares.

AstraZeneca has been seen as having a head start in the race for cancer treatments, and Imfinzi was aiming to be the new standard of care in treating early inoperable stage III lung cancer.

"While these results are disappointing, we remain committed to evaluating the potential of Imfinzi and other innovative medicines for patients with head and neck cancer," said Chief Medical Officer Sean Bohen.

The trial was conducted at 169 centres across 24 countries including the U.S., Europe, South America, Japan, Korea, Taiwan, Israel and Australia, AstraZeneca said.

(Reporting by Sangameswaran S and Noor Zainab Hussain in Bengaluru; Editing by Sai Sachin Ravikumar, Bernard Orr)

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Financials ($)
Sales 2018 22 124 M
EBIT 2018 5 621 M
Net income 2018 2 403 M
Debt 2018 14 894 M
Yield 2018 3,59%
P/E ratio 2018 39,64
P/E ratio 2019 33,46
EV / Sales 2018 5,05x
EV / Sales 2019 4,74x
Capitalization 96 842 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 80,3 $
Spread / Average Target 6,4%
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NameTitle
Pascal Soriot Chief Executive Officer & Executive Director
Leif Valdemar Johansson Non-Executive Chairman
Pam P. Cheng Executive VP-Operations & Information Technology
Marc Pierre Jean Dunoyer Chief Financial Officer & Executive Director
Sean Bohen Chief Medical Officer & Executive Vice President
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