AstraZeneca new drugs including Tagrisso, Lynparza boost Q3 product sales
New Delhi: AstraZeneca Plc reported better-than-expected third-quarter product sales on Thursday, on the back of strong demand for newer medicines including cancer treatments Tagrisso and Lynparza as well as growth in China.
Product sales for the three months ended Sept. 30 rose 18% to $6.13 billion on a constant-currency basis, the company's fifth consecutive quarter of growth after years of sliding sales due to patent losses on older medicines.
The company reported core earnings of 99 cents per share, above analysts' average expectation of 96 cents per share.
Analysts on average had forecast product sales of $5.86 billion, according to a company provided consensus of 23 analysts.
Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers. Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at email@example.com. Check out more about our bureau/team here