Newsgather

AstraZeneca

Steady11 stories8 sourcesLast updated: 4d ago

Latest Stories

FDA Advisory Panel Votes Against AstraZeneca's Breast Cancer Drug Camizestrant
Developing
Business·5/1/2026AI summary

FDA Advisory Panel Votes Against AstraZeneca's Breast Cancer Drug Camizestrant

AstraZeneca's experimental breast cancer drug camizestrant faced a setback as a U.S. FDA advisory panel voted 6-3 against approval, citing concerns over the SERENA-6 trial design. The Phase 3 trial showed a 56% reduction in disease progression or death, but panel members weren't convinced early switching improved long-term survival. Shares fell 2% in morning trading, though analysts noted the drug's efficacy wasn't dismissed and the issue shouldn't impact AstraZeneca's $80 billion 2030 sales goal.

C
CNBC
Oil and gas prices jump on reports US will extend blockade of Iranian ports
BREAKING
Business·4/29/2026AI summary

Oil and gas prices jump on reports US will extend blockade of Iranian ports

Oil and gas prices surge as reports indicate the US may extend its blockade of Iranian ports for months. Brent crude rose 5% to almost $117 a barrel, approaching the highest level since the Iran war began. UK gas prices also increased 5%, while the FTSE 100 fell 1.2% to its lowest level since April 1. President Trump met with energy company executives to discuss measures to calm oil markets amid the prolonged blockade.

G
Guardian Business
AstraZeneca Announces £300m UK Investment After Previous Project Pauses
Developing
Business·4/29/2026AI summary

AstraZeneca Announces £300m UK Investment After Previous Project Pauses

AstraZeneca will invest £300m in the UK, completing its Cambridge headquarters and building a digital research facility in Macclesfield. The announcement marks a U-turn after the pharma giant paused £650m in projects last year due to disillusionment with the NHS business environment. Prime Minister Keir Starmer hailed the investment as a 'major vote of confidence' in the UK economy.

G
Guardian UK
AstraZeneca Announces £300m UK Investment as Starmer Credits US Pharma Deal
BREAKING
Business·4/29/2026AI summary

AstraZeneca Announces £300m UK Investment as Starmer Credits US Pharma Deal

AstraZeneca is investing £300m in UK operations, Prime Minister Keir Starmer announced at PMQs, protecting jobs in Cambridge and Macclesfield. The investment comes seven months after the company paused a £200m Cambridge expansion and is tied to a new US pharmaceutical deal requiring UK to pay 25% more for medicines by 2035. Meanwhile, NIESR warns the Iran war could cost the UK £35bn in GDP over 2026-2027.

G
Guardian Business
AstraZeneca and GSK Beat Q1 Profit Expectations as Pharma CEOs Warn of Europe Drug Launch Decline
Developing
Business·4/29/2026AI summary

AstraZeneca and GSK Beat Q1 Profit Expectations as Pharma CEOs Warn of Europe Drug Launch Decline

AstraZeneca and GSK, the UK's second and ninth most valuable companies, both beat first-quarter profit expectations. AstraZeneca reported EPS of $2.58 versus $2.53 expected, while GSK posted EPS of £0.47 versus £0.43 expected. However, pharma CEOs including Novartis's Vas Narasimhan warned that Trump's MFN drug pricing policy could lead to fewer new drugs being launched in Europe unless continental competitiveness issues are addressed. AstraZeneca raised its 2026 guidance and is on track for its $80 billion revenue target by 2030.

C
CNBC