AstraZeneca teams up with Scorpion Therapeutics to develop cancer treatments

  • AstraZeneca (NASDAQ:AZN) collaborates with Scorpion Therapeutics to discover, develop and commercialize precision medicines against previously hard-to-target cancer proteins, with the potential to transform oncology treatment.
  • Under terms of the agreement, Scorpion will lead discovery and certain preclinical activities by leveraging its integrated platform. AstraZeneca has the exclusive option to licence worldwide rights for up to three drug candidates.
  • Scorpion will receive an upfront cash payment of $75M and is eligible to receive additional success-based payments in the form of option fees and milestone payments, as well as tiered royalties on net sales ranging from mid-single digit to low-double digits.
  • AstraZeneca would be responsible for development and commercialization activities worldwide following opt-in, while Scorpion would retain the option to co-develop and co-promote up to two of these programs in U.S. under certain conditions.
  • Earlier, AZN reported that the booster dose of its COVID-19 vaccine increases antibody against Omicron variant.

    Over the current book year the company from Cambridge's total revenue could be around 42.99 billion GBp (consensus estimates). This is rather significant more than 2021's revenue of 37.42 billion GBp.

    Historical revenues and results Astrazeneca plus estimates 2021

    aandelenanalyse

    The analysts expect for 2021 a net profit of 10.02 billion GBp. Most of the analysts anticipate on a profit per share of 666 GBp. So the price/earnings-ratio equals 13.39.

    Huge dividend Astrazeneca

    Analysts expect a dividend of 291 GBp per share. Thus the dividend yield equals 3.26 percent. The average dividend yield of the pharmaceutical companies equals a low 1.37 percent.

    Latest estimates around 9563 GBp

    The latest 3 recommendations for the pharmaceutical company were provided by Liberum, Morgan Stanley and Berenberg.

    Based on the current number of outstanding shares Astrazeneca 's market capitalization 11706.38 billion GBp. 23

    At 14.37 the stock trades 0.73 percent lower at 8918 GBp.

    Historical stock prices Astrazeneca

    stock price astrazeneca

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