AstraZeneca

AstraZeneca is a multinational that operates as a pharmaceutical and biopharmaceutical company. The company’s roots date back to 1913 when it was founded as Astra AB by 400 doctors in Sweden. In 1999, Astra AB merged with British Zeneca Group resulting in the formation of AstraZeneca

Headquartered in Cambridge, United Kingdom, the company is engaged in the development and commercialization of medicines. The company focuses on oncology cardiovascular, respiratory treatments, among others. Some of its leads products include Tagrisso and Nolvadex.

Just like other giant pharmaceuticals, it has grown through acquisitions. Its notable acquisitions include Spurge for $440 million and Bristol Myers Squibb for $3.4 billion. In 2017, the company rejected a $117 billion takeover bid by Pfizer. A merger of the two would have resulted in the world’s biggest drugmaker.

The pharmaceutical company is currently listed in the New York Stock Exchange as well as the London Stock Exchange and OMX Exchange.

Latest AstraZeneca News

AstraZeneca share price down despite upbeat trial results

AstraZeneca’s share price (LON:AZN) has fallen into the red this morning even as the blue-chip group posted upbeat results from a trial evaluating its oncology treatment Lynparza. The update follows the Anglo-Swedish group’s recent first-quarter results which saw the company...

AstraZeneca share price: Deutsche Bank remains bullish on pharmco

Deutsche Bank continues to see AstraZeneca (LON:AZN) as a ‘buy,’ pointing to the pharmco’s ‘strong start’ to the year, Sharecast reports. The comments came after the Anglo-Swedish drugmaker updated investors on its first-quarter performance last week, posting a rise in...

AstraZeneca share price subdued despite rise in Q1 sales

Shares in AstraZeneca (LON:AZN) have slipped into the red in London in today’s session, even as the blue-chip drugmaker posted a rise in sales for the first three months of the year. The Anglo-Swedish pharmco disclosed that it had benefitted...

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