AstraZeneca CEO Pascal Soriot highlighted that artificial intelligence (AI) is significantly enhancing the company's ability to develop medicines faster and make smarter research decisions. AI tools help identify promising drug targets, optimize molecules to reduce side effects, and improve the chances of success in costly clinical trials. Through partnerships with Tempus AI and Pathos, AstraZeneca uses AI models to analyze clinical and laboratory data, increasing the probability of success in late-stage trials and improving productivity. This advancement could save hundreds of millions of dollars per trial and accelerate innovation across AstraZeneca's drug pipeline.
Jefferies has maintained a 'buy' rating on AstraZeneca with a price target of 17,500p, implying a 46% upside from the current share price. The broker expects AstraZeneca's third-quarter revenue to exceed consensus by about 1%, and core earnings befor...
Citigroup has raised its price target for AstraZeneca to £186.00 from £178.00, maintaining a Buy rating following successful Phase 3 clinical trials. The increase reflects higher peak sales forecasts for drugs tozorakimab and SERENA-6, offsetting the...
Citi has increased its target price for AstraZeneca to £186 from £178, maintaining a 'buy' rating after positive clinical developments, especially for the drug tozorakimab. The broker raised peak sales forecasts for tozorakimab to $7 billion and SERE...
AstraZeneca announced a $2 billion equity investment and clinical collaboration with Summit Therapeutics to develop ivonescimab, a first-in-class bispecific antibody for cancer treatment. This drug targets two cancer pathways simultaneously, potentia...
