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AstraZeneca PLC AZN

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PREMIUM

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PREMIUM

Economic Moat

PREMIUM

Adjuvant Cancer Data and Co-Formulations of Next Generation Drugs Highlighted at ASCO

Damien Conover, CFA Sector Director

Analyst Note

| Damien Conover, CFA |

At the annual American Society of Clinical Oncology (ASCO) meeting, data was presented that should support continued strong cancer drug sales for several wide-moat drug firms, including Merck, AstraZeneca, Roche, and Bristol-Myers. While we are not making any changes to our fair value estimates based on the data, we hold a stronger conviction in our longer-term projections based on the clinical updates. We believe the data presented in the adjuvant cancer settings (early-stage cancer) along with co-formulations of next generation drugs (such as LAG-3 targeted drugs) with currently marketed drugs hold the most potential.

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Company Profile

Business Description

A merger between Astra of Sweden and Zeneca Group of the United Kingdom formed AstraZeneca in 1999. The firm sells branded drugs across several major therapeutic classes, including gastrointestinal, diabetes, cardiovascular, respiratory, cancer, and immunology. The majority of sales come from international markets with the United States representing close to one third of its sales.

Contact
1 Francis Crick Avenue, Cambridge Biomedical Campus
Cambridge, CB2 0AA, United Kingdom
T +44 2037495000
Sector Healthcare
Industry Drug Manufacturers - General
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 76,100

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