AstraZeneca announces strong first quarter results

AstraZeneca posts Q1 revenue increases, highlighting total revenue for the second quarter rose 60 per cent to $11,390m, reflecting strong growth across the company.

Pascal Soriot, Chief Executive Officer, commenting on the results said:

“2022 has started strongly for AstraZeneca. Farxiga achieved $1bn revenue in the quarter and our Oncology medicines delivered Product Sales growth of 18%, despite COVID-19 continuing to impact cancer diagnosis and treatment. High-level results from the DESTINY-Breast04 trial pointed to Enhertu’s potential to redefine treatment of HER2-low metastatic breast cancer, and Ultomiris became the first and only long-acting C5 inhibitor approved for generalised myasthenia gravis in the US.

Today we have unveiled plans for a new strategic research and development centre in the heart of Cambridge, Massachusetts’ scientific hub. In line with our sustainability commitments, it will be designed to the highest environmental standards. Our investments in pioneering science give us confidence of further advances in the years to come.”

 

Full results available here https://www.astrazeneca.com/content/astraz/media-centre/press-releases/2022/q1-2022-results.html

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