Channels TV· 1h ago· 1 min read
British pharmaceutical giant AstraZeneca on Monday said net profit rose in its second quarter, driven once again by strong growth in sales of its cancer drugs.
Profit after tax climbed more than two percent to $2.5 billion in the three months to the end of June, compared with the same period last year, AstraZeneca said in a results statement.
Total revenue increased six percent to $15.4 billion in the quarter, thanks to sustained strong demand for its cancer and rare disease medicines.
AstraZeneca reconfirmed its outlook for the full year after its second-quarter profit beat analyst expectations.
Chief executive Pascal Soriot said the company was “on track” to deliver its ambition of $80 billion in total revenue by 2030, despite an unexpected late-stage trial failure earlier this month.
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