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AstraZeneca keeps 'buy' rating from Citi after mixed trial results in lung cancer treatments.

Analyst Insights
18 Aug 2026
Proactive Investors
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Bullish
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AstraZeneca retained a 'buy' rating from Citi despite mixed updates on its drug pipeline. Positive Phase III trial results for Tagrisso plus Orpathys in lung cancer showed significant survival benefits, with Citi estimating $500 million in peak sales. Another trial for Enhertu also met its endpoint, adding potential $145 million in sales. However, AstraZeneca discontinued a phase III volrustomig study, causing a slight downside in valuation, though other volrustomig trials continue.

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