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    AZN   GB0009895292

ASTRAZENECA PLC

(AZN)
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AstraZeneca's Farxiga Gets U.S. FDA Approval as Chronic-Kidney-Disease Treatment

05/04/2021 | 12:33am EDT

By Anthony O. Goriainoff

AstraZeneca PLC said Tuesday that the U.S. Food and Drug Administration approved Farxiga for the treatment of chronic kidney disease in patients at risk of progression with, and without, Type 2 diabetes.

The London-listed pharmaceutical company said the sodium-glucose cotransporter 2 inhibitor's approval was based on positive results from the DAPA-CKD Phase III trial.

The company said Farxiga will be used to decrease the risk of end-stage kidney disease, cardiovascular death, as well as hospitalization for heart failure in adults with chronic kidney disease at risk of progression, among others.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

05-04-21 0233ET

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Financials (USD)
Sales 2021 30 843 M - -
Net income 2021 4 552 M - -
Net Debt 2021 11 038 M - -
P/E ratio 2021 29,7x
Yield 2021 2,64%
Capitalization 142 B 142 B -
EV / Sales 2021 4,96x
EV / Sales 2022 4,42x
Nbr of Employees 76 100
Free-Float 95,8%
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Mean consensus BUY
Number of Analysts 27
Average target price 130,07 $
Last Close Price 108,20 $
Spread / Highest target 53,4%
Spread / Average Target 20,2%
Spread / Lowest Target -12,1%
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Managers and Directors
NameTitle
Pascal Soriot Chief Executive Officer & Executive Director
Marc Pierre Jean Dunoyer Chief Financial Officer & Executive Director
Leif Valdemar Johansson Non-Executive Chairman
Menelas N. Pangalos EVP-Biopharmaceuticals Research & Development
Pam P. Cheng Executive VP-Operations & Information Technology
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