Got a good line of products, but the share price seem to go down , could it be due to the weak us dollar.

StockMarketWire.com
AstraZeneca has reiterated its full-year guidance following a first half performance in line with forecasts.

The group said the residual effects of the Crestor and Seroquel XR loss of exclusivity in the US had an impact on product sales which fell to $9,783m - down 11% at actual exchange rates.

Total revenues of $10,456m were down 11% at actual exchange rates and 10% at constant currencies.

Reported operating profit rose to $1,842m - up 37% at actual exchange rates and 22% at constant currencies.

Core operating profits of $3,215m wer eup 7% at actual exchange rates and 3% at constant currencies.

The first half dividend is maintained at $0.90 per share.

Chief executive Pascal Soriot said: "Our performance in the first half was in line with expectations as we experience the loss of exclusivity of Crestor and Seroquel XR in the US.

"We continued to deliver transformative science across the pipeline, particularly in Oncology.

"Imfinzi was launched in bladder cancer while we published practice-changing data in breast cancer for Lynparza, our first-in-class PARP inhibitor.

"In lung cancer, we strengthened our unique portfolio focused on both the genetic drivers of disease and immunotherapy. In the first half, we shared positive results for Imfinzi in the PACIFIC trial and reported more encouraging data for Tagrisso in patients with central nervous system metastases.

"I'm excited about our pipeline-driven transformation as we continue to deliver for shareholders on our strategy to return to sustainable long-term growth.

"In a pivotal year for AstraZeneca, we remain focused on realising the potential of our pipeline, growing our new launch medicines and bringing our strong science to patients."

HARRYCAT, you forgot to mention the Drug-failure...hit sp 16%
Q. Is this a Buying Opportunity (Yield ~4%)....or wait and see if it falls further....as the lower TO on existing products is factored-in. This must be a grim time for LT investors have seen the Stock rise from £40 to ~£50 since only Dec.2016( That's +25% in 8 Months !).
- Presumably in the hope that replacement Drug-products will offset the loss of Patent-protection, due to expiry. Now it's not-so there could be further fall from £43 to £40....
EDIT ( 28July2017)- cynic....it's always been "too expensive" for me... and recent fall hardly changes that..... Maybe at £20 I would want some, for the LT revenue, assuming some drug-replacement will occur in time. Ut's human nature for Div-Chiefs to praise themselves for current products....whereas they should be attentive to 10-years on....

this is just one of the drugs in AZN's pipeline
though it's not a stock i have followed, today's fall looks more like a buying opp than the time to jump ship

19/04/2018

Interesting

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AstraZeneca lung cancer drug Tagrisso gets FDA approval
StockMarketWire.com
AstraZeneca said Thursday the US Food and Drug Administration approved its lung cancer treatment Tagrisso for the first-line treatment of patients with metastatic non-small cell lung cancer.

The approval comes after the results of the phase III FLAURA trial, showed Tagrisso met the primary endpoint.

'Today's FDA approval of Tagrisso in the 1st-line setting is an exciting milestone for patients and our company. Tagrisso delivered unprecedented medianprogression-free survival data across all pre-specified patient subgroups, including patients with or without CNS metastases, and could prolong the lives of more patients without their tumours growing or spreading,' said Dave Fredrickson, Executive Vice President, Head of the Oncology Business Unit at AstraZeneca.

Broker Forecast - Jefferies International issues a broker note on AstraZeneca PLC
BFN
Jefferies International today downgrades its investment rating on AstraZeneca PLC (LON:AZN) to hold (from buy) and cut its price target to 5975p (from 6200p).

Story provided by StockMarketWire.com

Broker Forecasts data provided by www.sharesmagazine.co.uk

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And the price goes down.