Anglo-Swedish drugs giant AstraZeneca announced on Thursday a collaboration worth up to $1.35 billion to develop and commercialise two diabetes compounds.
A cheaper copy of Astra Zeneca’s blood pressure drug Toprol-XL being manufactured and sold by American Eon Labs, a producer of generic drugs, will push down profits at the Swedish-British company, it said on Wednesday.
Anglo-Swedish drugs giant AstraZeneca posted on Thursday a 29.8-percent leap in third-quarter net profit, but the results were overshadowed by news that a key drug in development has been abandoned.
Anglo-Swedish drugs giant AstraZeneca announced on Monday that it had agreed to buy Britain-based Cambridge Antibody Technology, in a deal valuing the group at 702 million pounds (9.6 billion kronor).
Anglo-Swedish pharmaceutical giant AstraZeneca has announced it is abandoning development of its Galida diabetes product amid fears that it could cause kidney damage.
Anglo-Swedish drugs giant AstraZeneca said on Thursday that first-quarter pre-tax profit leapt 38 percent to 2.044 billion dollars (1.643 billion euros) compared with the same period the previous year.
Shares in Swedish biotech company Tripep AB crash dived after the company said it will probably scrap its alphaHGA HIV-inhibiting drug after trials in Thailand showed "no significant decrease of the HIV-levels in the patients' serum".
The Anglo-Swedish drugs giant AstraZeneca said on Tuesday that it had decided to withdraw its Exanta treatment for blood clotting owing to concerns about the safety of the tablet drug.
Anglo-Swedish drugs giant AstraZeneca said on Thursday that its pre-tax profit in 2005 rose 34 percent compared with 2004 to reach 6.67 billion dollars (5.53 billion euros).
Investor, Northern Europe's biggest industrial holding company, on Thursday announced a strong rise in earnings for 2005 as its core shareholdings staged a spectacular rally.
The price of shares in Astra Zeneca plunged in London Wednesday after the Anglo-Swedish pharmaceutical group lost a fight to retain patent protection in the US over its top-selling heart drug Toprol XL.
Anglo-Swedish drugs group AstraZeneca said on Wednesday it had agreed to pay up to 300 million dollars to US peer Targacept for the rights to help develop and market a drug to treat Alzheimer's disease and schizophrenia.
AstraZeneca said on Wednesday that it had filed a lawsuit against Israeli company Teva Pharmaceuticals Industries because it plans to market a version of the British-Swedish group's successful anti-depressant drug Seroquel.
The Director of Public Prosecutions, Christer van der Kwast, is to investigate claims that Swedish companies paid bribes to former Iraqi dictator Saddam Hussein's regime, in contravention of international sanctions against the country.
Anglo-Swedish drugs giant AstraZeneca announced on Thursday that the company's pre-tax profit stood at $1.743 billion during the third quarter of 2005, up 23 percent from the equivalent figure last year and better than analysts' forecasts.
The Swedish government's plans to tighten up animal testing laws threaten over 5,000 research jobs in the country, according to Anglo-Swedish drugs company Astra Zeneca.
Troubled Anglo-Swedish drugs giant AstraZeneca announced on Thursday it would replace its chief executive Sir Tom McKillop, while announcing strong results for the second quarter.
The European Commission has imposed a fine of 60 million euros on Anglo-Swedish pharmaceutical giant AstraZeneca PLC for illegally pushing rivals of its stomach ulcer medicine Losec out of the market.
<i>(AFP)</i> Troubled Anglo-Swedish drugs giant AstraZeneca revealed on Thursday a record 37-percent increase in pre-tax profits for the first quarter of 2005, boosted by strong sales growth and cost cutting.
