ASTRAZEN
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New Drug Indication
AstraZeneca Pharma India received permission from India's drug regulator to import and market its antibody-drug conjugate Trastuzumab deruxtecan, sold as Enhertu, for a new indication: first-line treatment of unresectable or metastatic HER2-positive breast cancer in adults, in combination with pertuzumab. The approval from the Central Drugs Standard Control Organization expands the drug's eligible patient pool in India beyond any previously cleared indications. Enhertu is a globally established therapy that generated over $3 billion in sales worldwide in the last financial year. The company said the permission paves the way for marketing the drug for the specified indication, subject to any related statutory approvals.
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AstraZeneca Pharma India received permission from India's drug regulator to import and market its antibody-drug conjugate Trastuzumab deruxtecan, sold as Enhertu, for a new indication: first-line treatment of unresectable or metastatic HER2-positive breast cancer in adults, in combination with pertuzumab. The approval from the Central Drugs Standard Control Organization expands the drug's eligible patient pool in India beyond any previously cleared indications. Enhertu is a globally established therapy that generated over $3 billion in sales worldwide in the last financial year. The company said the permission paves the way for marketing the drug for the specified indication, subject to any related statutory approvals.
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Astrazeneca Pharma Gets Permission To Import For Sale Of Trastuzumab Deruxtecan
June 11 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA - RECEIVED PERMISSION TO IMPORT FOR SALE OF TRASTUZUMAB DERUXTECAN
Source text: ID:nBSE6vFWJS
Further company coverage: ASTR.NS
(([email protected];))
June 11 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA - RECEIVED PERMISSION TO IMPORT FOR SALE OF TRASTUZUMAB DERUXTECAN
Source text: ID:nBSE6vFWJS
Further company coverage: ASTR.NS
(([email protected];))
India's Astrazeneca Pharma logs worst slide in two months on quarterly profit drop
** Biopharma company Astrazeneca Pharma India's shares ASTR.NS fall as much as 6.76% to 8,357 rupees apiece
** This is stock's steepest intraday decline in two months
** ASTR posts a 23% year-on-year drop in March quarter profit; operating profit slips 29.5%
** Stock is most active in six weeks, with a trading volume of 35,516 shares as of 12:17 p.m. IST, more than quadruple the 30-day average volume, data compiled by LSEG shows
** ASTR shares are down 5.8% in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Biopharma company Astrazeneca Pharma India's shares ASTR.NS fall as much as 6.76% to 8,357 rupees apiece
** This is stock's steepest intraday decline in two months
** ASTR posts a 23% year-on-year drop in March quarter profit; operating profit slips 29.5%
** Stock is most active in six weeks, with a trading volume of 35,516 shares as of 12:17 p.m. IST, more than quadruple the 30-day average volume, data compiled by LSEG shows
** ASTR shares are down 5.8% in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Astrazeneca Pharma India Recommends Dividend Of 36 Rupees Per Equity Share For Fy2025-26
May 26 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA INDIA LTD - RECOMMENDS DIVIDEND OF 36 RUPEES PER EQUITY SHARE FOR FY2025-26
Source text: ID:nBSEbBnmHB
Further company coverage: ASTR.NS
(([email protected];))
May 26 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA INDIA LTD - RECOMMENDS DIVIDEND OF 36 RUPEES PER EQUITY SHARE FOR FY2025-26
Source text: ID:nBSEbBnmHB
Further company coverage: ASTR.NS
(([email protected];))
Astrazeneca Pharma India Receives Permission To Import Durvalumab (Imfinzi) For Additional Indication
March 17 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES PERMISSION TO IMPORT DURVALUMAB (IMFINZI) FOR ADDITIONAL INDICATION
Source text: ID:nBSE4YQpNZ
Further company coverage: ASTR.NS
(([email protected];;))
March 17 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES PERMISSION TO IMPORT DURVALUMAB (IMFINZI) FOR ADDITIONAL INDICATION
Source text: ID:nBSE4YQpNZ
Further company coverage: ASTR.NS
(([email protected];;))
Astrazeneca Pharma India Dec-Quarter PAT 325.9 Million Rupees
Feb 11 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA INDIA DEC-QUARTER PAT 325.9 MILLION RUPEES
ASTRAZENECA PHARMA INDIA DEC-QUARTER REVENUE FROM OPERATIONS 6.12 BILLION RUPEES
Source text: ID:nBSE5MKvG0
Further company coverage: ASTR.NS
(([email protected];))
Feb 11 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA INDIA DEC-QUARTER PAT 325.9 MILLION RUPEES
ASTRAZENECA PHARMA INDIA DEC-QUARTER REVENUE FROM OPERATIONS 6.12 BILLION RUPEES
Source text: ID:nBSE5MKvG0
Further company coverage: ASTR.NS
(([email protected];))
Astrazeneca Pharma India Ltd Receives Permission To Import Durvalumab
Feb 10 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA INDIA LTD - RECEIVES PERMISSION TO IMPORT DURVALUMAB
ASTRAZENECA PHARMA - PERMISSION PAVES WAY FOR MARKETING OF DURVALUMAB SOLUTION IN INDIA
Source text: ID:nBSE4kw3HB
Further company coverage: ASTR.NS
(([email protected];))
Feb 10 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA INDIA LTD - RECEIVES PERMISSION TO IMPORT DURVALUMAB
ASTRAZENECA PHARMA - PERMISSION PAVES WAY FOR MARKETING OF DURVALUMAB SOLUTION IN INDIA
Source text: ID:nBSE4kw3HB
Further company coverage: ASTR.NS
(([email protected];))
Astrazeneca Pharma India Gets Show Cause Notice From National Pharmaceutical Pricing Authority
Sept 12 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA INDIA - GETS SHOW CAUSE NOTICE FROM NATIONAL PHARMACEUTICAL PRICING AUTHORITY
ASTRAZENECA PHARMA INDIA LTD - NPPA ALLEGES OVERCHARGING FOR 'SYMBICORT TURBUHALER'
ASTRAZENECA PHARMA INDIA LTD - CLAIM QUANTUM 605 MILLION RUPEES
Source text: ID:nNSEb5xzyw
Further company coverage: ASTR.NS
(([email protected];))
Sept 12 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA INDIA - GETS SHOW CAUSE NOTICE FROM NATIONAL PHARMACEUTICAL PRICING AUTHORITY
ASTRAZENECA PHARMA INDIA LTD - NPPA ALLEGES OVERCHARGING FOR 'SYMBICORT TURBUHALER'
ASTRAZENECA PHARMA INDIA LTD - CLAIM QUANTUM 605 MILLION RUPEES
Source text: ID:nNSEb5xzyw
Further company coverage: ASTR.NS
(([email protected];))
Astrazeneca Pharma India Surrenders Manufacturing License
Sept 2 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
SURRENDERS MANUFACTURING LICENSE
Source text: ID:nBSE3qVVyp
Further company coverage: ASTR.NS
(([email protected];))
Sept 2 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
SURRENDERS MANUFACTURING LICENSE
Source text: ID:nBSE3qVVyp
Further company coverage: ASTR.NS
(([email protected];))
AstraZeneca Pharma India gains on quarterly profit
Corrects bullet 3 to say year-ago loss of 118 million rupees, not 188 million rupees; adds dropped word "rupees"
** Shares of AstraZeneca Pharma India ASTR.NS jump as much as 4.8% to 8,825 rupees
** Stock marks biggest intraday pct gain since June 2
** Biopharmaceutical co posts profit of 558.3 million rupees ($6.37 million) in June quarter, compared to a loss of about 118 million rupees a year ago
** More than 53,148 shares change hands, 2x of 30-day avg
** Stock up 20% YTD
($1 = 87.6230 Indian rupees)
(Reporting by Rudra Pratap Singh in Bengaluru)
Corrects bullet 3 to say year-ago loss of 118 million rupees, not 188 million rupees; adds dropped word "rupees"
** Shares of AstraZeneca Pharma India ASTR.NS jump as much as 4.8% to 8,825 rupees
** Stock marks biggest intraday pct gain since June 2
** Biopharmaceutical co posts profit of 558.3 million rupees ($6.37 million) in June quarter, compared to a loss of about 118 million rupees a year ago
** More than 53,148 shares change hands, 2x of 30-day avg
** Stock up 20% YTD
($1 = 87.6230 Indian rupees)
(Reporting by Rudra Pratap Singh in Bengaluru)
Astrazeneca Says Co Expands Bangalore Global Hub In India With 1.66 Billion Rupees Investment
June 26 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA: EXPANDS BANGALORE GLOBAL HUB IN INDIA WITH 1.66 BILLION RUPEES INVESTMENT
Further company coverage: ASTR.NS
(([email protected];))
June 26 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA: EXPANDS BANGALORE GLOBAL HUB IN INDIA WITH 1.66 BILLION RUPEES INVESTMENT
Further company coverage: ASTR.NS
(([email protected];))
Astrazeneca Pharma India Says Sanjeev Kumar Panchal Has Offered To Resign As MD
June 9 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA INDIA LTD - SANJEEV KUMAR PANCHAL HAS OFFERED TO RESIGN AS MD
Source text: [ID:]
Further company coverage: ASTR.NS
(([email protected];))
June 9 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
ASTRAZENECA PHARMA INDIA LTD - SANJEEV KUMAR PANCHAL HAS OFFERED TO RESIGN AS MD
Source text: [ID:]
Further company coverage: ASTR.NS
(([email protected];))
India's AstraZeneca Pharma jumps over 11% on Q4 profit jump
** AstraZeneca Pharma India ASTR.NS shares up 11.5% at 8,885 rupees, marking their biggest pct jump so far this year
** ASTR on Friday reported 48% surge in Q4 profit on strong performance of oncology and biopharma divisions
** AstraZeneca shares up 21.6% YTD vs 8.8% fall in Nifty pharma index .NIPHARM
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected] ))
** AstraZeneca Pharma India ASTR.NS shares up 11.5% at 8,885 rupees, marking their biggest pct jump so far this year
** ASTR on Friday reported 48% surge in Q4 profit on strong performance of oncology and biopharma divisions
** AstraZeneca shares up 21.6% YTD vs 8.8% fall in Nifty pharma index .NIPHARM
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected] ))
Astrazeneca Pharma India Receives Permission To Import Osimertinib Tablets
May 29 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES PERMISSION TO IMPORT OSIMERTINIB TABLETS
Source text: ID:nNSE5r4vcG
Further company coverage: ASTR.NS
(([email protected];;))
May 29 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES PERMISSION TO IMPORT OSIMERTINIB TABLETS
Source text: ID:nNSE5r4vcG
Further company coverage: ASTR.NS
(([email protected];;))
Astrazeneca Pharma India Receives Approval For Enhertu In India
May 8 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES APPROVAL FOR ENHERTU IN INDIA
Source text: ID:nNSEXz4FK
Further company coverage: ASTR.NS
(([email protected];;))
May 8 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES APPROVAL FOR ENHERTU IN INDIA
Source text: ID:nNSEXz4FK
Further company coverage: ASTR.NS
(([email protected];;))
Astrazeneca Pharma India Surrenders Marketing Authorisation For Olaparib Tablets
April 15 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
SURRENDERS MARKETING AUTHORISATION FOR OLAPARIB TABLETS
DISCONTINUATION DUE TO COMMERCIAL REASONS, NOT EFFICACY OR SAFETY
HOLDS ALL OTHER PERMISSIONS FOR OLAPARIB IN INDIA
NEVER MARKETED OLAPARIB INDICATION IN INDIA
Source text: ID:nBSE1YlFfg
Further company coverage: ASTR.NS
(([email protected];;))
April 15 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
SURRENDERS MARKETING AUTHORISATION FOR OLAPARIB TABLETS
DISCONTINUATION DUE TO COMMERCIAL REASONS, NOT EFFICACY OR SAFETY
HOLDS ALL OTHER PERMISSIONS FOR OLAPARIB IN INDIA
NEVER MARKETED OLAPARIB INDICATION IN INDIA
Source text: ID:nBSE1YlFfg
Further company coverage: ASTR.NS
(([email protected];;))
Astrazeneca Pharma India To Discontinue Manufacturing, Marketing Of Prolonged Release Isosorbide-5-Mononitrate Tablets BP
March 28 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
DISCONTINUING MANUFACTURING, MARKETING OF PROLONGED RELEASE ISOSORBIDE-5-MONONITRATE TABLETS BP
Source text: [ID:]
Further company coverage: ASTR.NS
(([email protected];))
March 28 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
DISCONTINUING MANUFACTURING, MARKETING OF PROLONGED RELEASE ISOSORBIDE-5-MONONITRATE TABLETS BP
Source text: [ID:]
Further company coverage: ASTR.NS
(([email protected];))
AstraZeneca Pharma India gains on regulator nod to import lung cancer drug
** AstraZeneca Pharma India ASTR.NS rises 2.1% to 7,622.9 rupees, highest in about a month
** Biopharmaceutical co receives Indian drug regulator's permission to import Durvalumab solution for sale, distribution
** Drug is used to treat patients with a certain type of lung cancer
** Shares trading above 50-, 100-, 200-day moving avg
** ASTR up 2.2% YTD, after gaining 32% in 2024
(Reporting by Aleef Jahan in Bengaluru)
** AstraZeneca Pharma India ASTR.NS rises 2.1% to 7,622.9 rupees, highest in about a month
** Biopharmaceutical co receives Indian drug regulator's permission to import Durvalumab solution for sale, distribution
** Drug is used to treat patients with a certain type of lung cancer
** Shares trading above 50-, 100-, 200-day moving avg
** ASTR up 2.2% YTD, after gaining 32% in 2024
(Reporting by Aleef Jahan in Bengaluru)
Astrazeneca Pharma India Receives Permission To Import Durvalumab Solution
March 7 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES PERMISSION TO IMPORT DURVALUMAB SOLUTION
PERMISSION PAVES WAY FOR MARKETING DURVALUMAB SOLUTION IN INDIA
Source text: ID:nNSEb26vVv
Further company coverage: ASTR.NS
(([email protected];;))
March 7 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES PERMISSION TO IMPORT DURVALUMAB SOLUTION
PERMISSION PAVES WAY FOR MARKETING DURVALUMAB SOLUTION IN INDIA
Source text: ID:nNSEb26vVv
Further company coverage: ASTR.NS
(([email protected];;))
Astrazeneca Pharma India Receives Permission To Import Pharmaceutical Formulations Of Lokelma
March 6 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES PERMISSION TO IMPORT PHARMACEUTICAL FORMULATIONS OF LOKELMA
Source text: ID:nNSE5FXNVQ
Further company coverage: ASTR.NS
(([email protected];;))
March 6 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES PERMISSION TO IMPORT PHARMACEUTICAL FORMULATIONS OF LOKELMA
Source text: ID:nNSE5FXNVQ
Further company coverage: ASTR.NS
(([email protected];;))
India's AstraZeneca Pharma up on import nod for liver cancer drug
** AstraZeneca Pharma ASTR.NS rises 2.7% to 6,872.1 rupees; stock's biggest one-day gain since Feb. 3
** Biopharmaceutical co receives Indian drug regulator's permission to import Durvalumab solution for sale, distribution
** Drug is used to treat patients with a certain type of liver cancer
** Shares mark second-busiest session in about 2 weeks, with more than 11,000 shares traded
** Stock down 8% so far this year, after a 32% gain from 2024
(Reporting by Aleef Jahan in Bengaluru)
** AstraZeneca Pharma ASTR.NS rises 2.7% to 6,872.1 rupees; stock's biggest one-day gain since Feb. 3
** Biopharmaceutical co receives Indian drug regulator's permission to import Durvalumab solution for sale, distribution
** Drug is used to treat patients with a certain type of liver cancer
** Shares mark second-busiest session in about 2 weeks, with more than 11,000 shares traded
** Stock down 8% so far this year, after a 32% gain from 2024
(Reporting by Aleef Jahan in Bengaluru)
Astrazeneca Pharma India Receives Permission To Import Durvalumab For Additional Indication
Feb 28 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES PERMISSION TO IMPORT DURVALUMAB FOR ADDITIONAL INDICATION
GETS PERMISSION FROM CENTRAL DRUGS STANDARD CONTROL ORGANISATION, INDIA
Source text: ID:nNSE3QqT8W
Further company coverage: ASTR.NS
(([email protected];;))
Feb 28 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES PERMISSION TO IMPORT DURVALUMAB FOR ADDITIONAL INDICATION
GETS PERMISSION FROM CENTRAL DRUGS STANDARD CONTROL ORGANISATION, INDIA
Source text: ID:nNSE3QqT8W
Further company coverage: ASTR.NS
(([email protected];;))
India's Astrazeneca Pharma gains on quarterly profit jump
** Astrazeneca Pharma India ASTR.NS rises 2% to 7,609 rupees
** Q3 profit before exceptional item and tax jumps ~3.7x y/y, helped by strong demand for its oncology products; rev up 44%
** Co incurred one-off 335.5 million rupees ($3.9 mln) employee separation cost in the quarter
** More than 41,000 shares traded, 1.5x the 30-day avg
** Stock rose 32% in 2024
($1 = 86.8200 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
** Astrazeneca Pharma India ASTR.NS rises 2% to 7,609 rupees
** Q3 profit before exceptional item and tax jumps ~3.7x y/y, helped by strong demand for its oncology products; rev up 44%
** Co incurred one-off 335.5 million rupees ($3.9 mln) employee separation cost in the quarter
** More than 41,000 shares traded, 1.5x the 30-day avg
** Stock rose 32% in 2024
($1 = 86.8200 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
Astrazeneca Pharma India Dec-Quarter PAT 308.5 Mln Rupees
Feb 11 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
DEC-QUARTER PAT 308.5 MILLION RUPEES
DEC-QUARTER REVENUE FROM OPERATIONS 4.4 BILLION RUPEES
Source text: ID:nBSE7glxPw
Further company coverage: ASTR.NS
(([email protected];;))
Feb 11 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
DEC-QUARTER PAT 308.5 MILLION RUPEES
DEC-QUARTER REVENUE FROM OPERATIONS 4.4 BILLION RUPEES
Source text: ID:nBSE7glxPw
Further company coverage: ASTR.NS
(([email protected];;))
AstraZeneca CEO: UK must improve investment environment
LONDON, Feb 6 (Reuters) - Pharma giant AstraZeneca urged Britain to improve the environment for businesses in order to drive investment, days after it scrapped plans to build a 450 million pound ($558.86 million) vaccine plant because of a cut to government support.
Prime Minister Keir Starmer's plan to stimulate growth in Britain's stagnant economy by attracting business investment was given a painful reality check last week when AstraZeneca, the country's most valuable listed company, cancelled the expansion of an existing facility in Speke, northern England.
The chief executive of AstraZeneca said Britain needed to offer better incentives to secure investment, highlighting the "very competitive world" in which companies operate.
"The UK needs to continue working on improving the investment environment to attract investment," CEO Pascal Soriot told reporters as the company announced annual results on Thursday.
He said AstraZeneca was offered "substantial support" by other governments, like Singapore, to build facilities.
For its part, Britain blamed AstraZeneca for scaling back its research and development plans for the now cancelled expansion, which would have made next-generation vaccines. As a result, the finance ministry cut the support on offer.
AstraZeneca said it remained "very committed" to Britain despite pulling the Speke plan and is spending 200 million pounds expanding its Cambridge site.
"We as a company continue to work very closely with the government to support the life sciences strategy to try and improve the overall environment, to attract investment," Soriot said.
He said the lower level of government support meant the business case for Speke no longer worked. Science department minister Chris Bryant said earlier this week the difference in funding between what was originally offered and the final proposal was "remarkably small".
($1 = 0.8052 pounds)
(Reporting by Maggie Fick and Pushkala Aripaka, Writing by Sarah Young; editing by William James)
(([email protected]; +44 20 7542 1109; Reuters Messaging: [email protected]))
LONDON, Feb 6 (Reuters) - Pharma giant AstraZeneca urged Britain to improve the environment for businesses in order to drive investment, days after it scrapped plans to build a 450 million pound ($558.86 million) vaccine plant because of a cut to government support.
Prime Minister Keir Starmer's plan to stimulate growth in Britain's stagnant economy by attracting business investment was given a painful reality check last week when AstraZeneca, the country's most valuable listed company, cancelled the expansion of an existing facility in Speke, northern England.
The chief executive of AstraZeneca said Britain needed to offer better incentives to secure investment, highlighting the "very competitive world" in which companies operate.
"The UK needs to continue working on improving the investment environment to attract investment," CEO Pascal Soriot told reporters as the company announced annual results on Thursday.
He said AstraZeneca was offered "substantial support" by other governments, like Singapore, to build facilities.
For its part, Britain blamed AstraZeneca for scaling back its research and development plans for the now cancelled expansion, which would have made next-generation vaccines. As a result, the finance ministry cut the support on offer.
AstraZeneca said it remained "very committed" to Britain despite pulling the Speke plan and is spending 200 million pounds expanding its Cambridge site.
"We as a company continue to work very closely with the government to support the life sciences strategy to try and improve the overall environment, to attract investment," Soriot said.
He said the lower level of government support meant the business case for Speke no longer worked. Science department minister Chris Bryant said earlier this week the difference in funding between what was originally offered and the final proposal was "remarkably small".
($1 = 0.8052 pounds)
(Reporting by Maggie Fick and Pushkala Aripaka, Writing by Sarah Young; editing by William James)
(([email protected]; +44 20 7542 1109; Reuters Messaging: [email protected]))
AstraZeneca shareholders say they need clarity on China investigations
By Maggie Fick
LONDON, Feb 5 (Reuters) - AstraZeneca AZN.L investors will look past another strong set of quarterly results on Thursday to focus on the main issue overhanging shares: an investigation of a top executive by authorities in China, one of its key markets.
The group said on Oct. 31 that its China head Leon Wang, who also led its international business as an executive vice president, had been detained by the Chinese authorities. It said it did not know what the investigation was about.
Unless the company discloses fresh information about the probe and arrest at the release of fourth-quarter results, investors are likely to resume selling the stock even though the company's drug pipeline is viewed as strong, four healthcare investors and four analysts told Reuters.
"This blindsided the company," said AstraZeneca shareholder Lucy Coutts at investment firm JM Finn, noting the "void" of information about the probe.
"We don't have visibility on how or when this will be resolved," said Redburn Atlantic analyst Simon Baker. "This is the focus at the moment. It shouldn't be, but it is."
Wang's arrest was followed by other revelations, including that more than 100 former sales staff in China had been sentenced to jail time in a large and ongoing medical insurance fraud case.
In November the company reported a third investigation in China involving two current and two former senior executives, relating to the import of AstraZeneca cancer drugs from Hong Kong. It said the probe targeted only the individuals, not the company.
AstraZeneca declined to comment for this article ahead of results.
China has long been a key market for the drugmaker, the crown jewel of its international business that accounted for 13% of total sales in 2023.
The Anglo-Swedish group announced plans in 2023 to build a $450 million factory in China. It signed several licensing deals with Chinese companies that year, and bought a China-headquartered biotech company.
Chief Financial Officer Aradhana Sarin told investors at the JPMorgan Healthcare Conference last month the company anticipates some revenue impact on its China business in the fourth quarter and into 2025. Investors are hoping for more information on Thursday.
SMALL RECOVERY
AstraZeneca shares have recovered after the initial news of Wang's detention wiped around $18 billion off their value. They are up about 2% since early November.
In December, AstraZeneca replaced Wang with senior executive Iskra Reic as executive vice president for international, based in Shanghai.
Several investors said it may be tough for an executive who does not speak Mandarin and has never lived in China to navigate such a complicated market at a very sensitive time.
Barclays analysts said in a recent note they believe AstraZeneca may pay a penalty to resolve the Wang investigation. In 2014, British drugmaker GSK GSK.L was fined nearly 300 million pounds ($372 million) by a Chinese court for bribery.
"Whilst there could be some commercial impact coming from lack of promotion whilst the investigation is ongoing, we view this as digestible given the momentum elsewhere in the business," Barclays said.
($1 = 0.8054 pounds)
AZN shares recover from initial hit on China probes https://tmsnrt.rs/4aSklR2
(Reporting by Maggie Fick; Editing by Josephine Mason and Jan Harvey)
(([email protected]; +44 7890 916706;))
By Maggie Fick
LONDON, Feb 5 (Reuters) - AstraZeneca AZN.L investors will look past another strong set of quarterly results on Thursday to focus on the main issue overhanging shares: an investigation of a top executive by authorities in China, one of its key markets.
The group said on Oct. 31 that its China head Leon Wang, who also led its international business as an executive vice president, had been detained by the Chinese authorities. It said it did not know what the investigation was about.
Unless the company discloses fresh information about the probe and arrest at the release of fourth-quarter results, investors are likely to resume selling the stock even though the company's drug pipeline is viewed as strong, four healthcare investors and four analysts told Reuters.
"This blindsided the company," said AstraZeneca shareholder Lucy Coutts at investment firm JM Finn, noting the "void" of information about the probe.
"We don't have visibility on how or when this will be resolved," said Redburn Atlantic analyst Simon Baker. "This is the focus at the moment. It shouldn't be, but it is."
Wang's arrest was followed by other revelations, including that more than 100 former sales staff in China had been sentenced to jail time in a large and ongoing medical insurance fraud case.
In November the company reported a third investigation in China involving two current and two former senior executives, relating to the import of AstraZeneca cancer drugs from Hong Kong. It said the probe targeted only the individuals, not the company.
AstraZeneca declined to comment for this article ahead of results.
China has long been a key market for the drugmaker, the crown jewel of its international business that accounted for 13% of total sales in 2023.
The Anglo-Swedish group announced plans in 2023 to build a $450 million factory in China. It signed several licensing deals with Chinese companies that year, and bought a China-headquartered biotech company.
Chief Financial Officer Aradhana Sarin told investors at the JPMorgan Healthcare Conference last month the company anticipates some revenue impact on its China business in the fourth quarter and into 2025. Investors are hoping for more information on Thursday.
SMALL RECOVERY
AstraZeneca shares have recovered after the initial news of Wang's detention wiped around $18 billion off their value. They are up about 2% since early November.
In December, AstraZeneca replaced Wang with senior executive Iskra Reic as executive vice president for international, based in Shanghai.
Several investors said it may be tough for an executive who does not speak Mandarin and has never lived in China to navigate such a complicated market at a very sensitive time.
Barclays analysts said in a recent note they believe AstraZeneca may pay a penalty to resolve the Wang investigation. In 2014, British drugmaker GSK GSK.L was fined nearly 300 million pounds ($372 million) by a Chinese court for bribery.
"Whilst there could be some commercial impact coming from lack of promotion whilst the investigation is ongoing, we view this as digestible given the momentum elsewhere in the business," Barclays said.
($1 = 0.8054 pounds)
AZN shares recover from initial hit on China probes https://tmsnrt.rs/4aSklR2
(Reporting by Maggie Fick; Editing by Josephine Mason and Jan Harvey)
(([email protected]; +44 7890 916706;))
UK Stocks-Factors to watch on Feb 4
Adds new items, updates futures
Feb 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.18%.
* DIAGEO: Diageo DGE.L withdrew its medium-term organic sales growth target, citing macroeconomic and geopolitical uncertainty.
* VODAFONE: Vodafone VOD.L reported another deterioration in Germany in its third quarter, a weak point amid otherwise stronger trading in Britain, Turkey and Africa.
* CREST NICHOLSON: Housebuilder Crest Nicholson CRST.L posted a 53% drop in 2024 fiscal year earnings, in line with market view.
* TULLOW OIL: Tullow Oil TLW.L said it has appointed its finance chief Richard Miller as interim chief executive officer, effective Feb. 14.
* RIO TINTO: Rio Tinto RIO.AX, RIO.L said on Tuesday it had begun clearing iron ore ships from two Western Australian ports as two tropical cyclones offshore swell seas and complicate efforts to repair infrastructure damaged by a previous cyclone last month.
* AstraZeneca: Britain on Monday hit back at AstraZeneca AZN.L over the collapse of a 450 million pound ($558.5 million) investment, saying it had scaled back the research and development portion of its plans, resulting in a lower offer of government support.
* GENERAL PHARMACEUTICAL COUNCIL: Britain's pharmacies regulator tightened rules for online pharmacies' prescribing obesity drugs, ordering them to make changes to prevent people from receiving drugs that could cause them harm.
* OIL: U.S. crude prices fell by nearly 2% as U.S. tariffs on China took effect
* METALS: LME copper prices edged higher after a sharp pullback in the previous session
* GOLD: Gold prices firmed as U.S. tariff and inflation concerns boosted safe-haven demand.
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
(Reporting by Raechel Thankam Job)
Adds new items, updates futures
Feb 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.18%.
* DIAGEO: Diageo DGE.L withdrew its medium-term organic sales growth target, citing macroeconomic and geopolitical uncertainty.
* VODAFONE: Vodafone VOD.L reported another deterioration in Germany in its third quarter, a weak point amid otherwise stronger trading in Britain, Turkey and Africa.
* CREST NICHOLSON: Housebuilder Crest Nicholson CRST.L posted a 53% drop in 2024 fiscal year earnings, in line with market view.
* TULLOW OIL: Tullow Oil TLW.L said it has appointed its finance chief Richard Miller as interim chief executive officer, effective Feb. 14.
* RIO TINTO: Rio Tinto RIO.AX, RIO.L said on Tuesday it had begun clearing iron ore ships from two Western Australian ports as two tropical cyclones offshore swell seas and complicate efforts to repair infrastructure damaged by a previous cyclone last month.
* AstraZeneca: Britain on Monday hit back at AstraZeneca AZN.L over the collapse of a 450 million pound ($558.5 million) investment, saying it had scaled back the research and development portion of its plans, resulting in a lower offer of government support.
* GENERAL PHARMACEUTICAL COUNCIL: Britain's pharmacies regulator tightened rules for online pharmacies' prescribing obesity drugs, ordering them to make changes to prevent people from receiving drugs that could cause them harm.
* OIL: U.S. crude prices fell by nearly 2% as U.S. tariffs on China took effect
* METALS: LME copper prices edged higher after a sharp pullback in the previous session
* GOLD: Gold prices firmed as U.S. tariff and inflation concerns boosted safe-haven demand.
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
(Reporting by Raechel Thankam Job)
AstraZeneca ditches UK investment over cut in state support
AstraZeneca blames cut to government offer for its decision
Govt says company changing investment make-up led to lower grant
Adds government response in paragraphs 9-10, other investment in paragraph 8
LONDON, Jan 31 (Reuters) - AstraZeneca AZN.L on Friday scrapped plans to invest 450 million pounds ($558.3 million) in its vaccine manufacturing plant in northern England, citing a cut in British government support.
The decision to ditch the development of an existing facility in the Speke area of Liverpool comes at a time when Prime Minister Keir Starmer is pushing hard to drum up investment in Britain to generate economic growth.
"Following discussions with the current government, we are no longer pursuing our planned investment at Speke," a spokesperson for the London-listed bluechip drugmaker said in a statement.
"Several factors have influenced this decision, including the timing and reduction of the final offer compared to the previous government's proposal."
Earlier this week finance minister Rachel Reeves named AstraZeneca as one of the "great companies" she said were delivering jobs and investment across the country.
Her speech, focused on how to get the country's stagnant economy growing again, set out the importance of attracting investment and said the government was "determined to make Britain the best place in the world to invest".
The spokesperson for AstraZeneca, which also plans to spend 200 million pounds to expand its existing Cambridge presence, said the Liverpool site would continue to produce flu vaccines.
Over the past year, the company has set out billions of dollars worth of investment in various countries, from Singapore and Thailand to France and Canada.
The most notable among those was the Anglo-Swedish drugmaker's $2 billion spending proposal on research and development and manufacturing plants in the United States.
Britain's finance ministry said a change in "the make-up" of the investment originally proposed by AstraZeneca had led to a reduced government grant offer being made.
"All government grant funding has to demonstrate value for the taxpayer and unfortunately, despite extensive work from government officials, it has not been possible to achieve a solution," a government spokesperson said.
The Financial Times reported in August 2024 that AstraZeneca had warned it could relocate its vaccine manufacturing site from Britain to the United States as talks with the Labour government over state aid had become deadlocked.
The newspaper said Reeves wanted to reduce state provisions to the company's vaccine centre, which would cut the pledge made by the previous administration from about 90 million pounds to 40 million pounds.
The previous government's offer included up to 70 million in grants to develop the facility in Speke, the FT report said.
($1 = 0.8060 pounds)
(Reporting by Maggie Fick in London, Yamini Kalia in Bengaluru, additional reporting by Muvija M, writing by William James; Editing by Kate Holton and Jan Harvey)
(([email protected];))
AstraZeneca blames cut to government offer for its decision
Govt says company changing investment make-up led to lower grant
Adds government response in paragraphs 9-10, other investment in paragraph 8
LONDON, Jan 31 (Reuters) - AstraZeneca AZN.L on Friday scrapped plans to invest 450 million pounds ($558.3 million) in its vaccine manufacturing plant in northern England, citing a cut in British government support.
The decision to ditch the development of an existing facility in the Speke area of Liverpool comes at a time when Prime Minister Keir Starmer is pushing hard to drum up investment in Britain to generate economic growth.
"Following discussions with the current government, we are no longer pursuing our planned investment at Speke," a spokesperson for the London-listed bluechip drugmaker said in a statement.
"Several factors have influenced this decision, including the timing and reduction of the final offer compared to the previous government's proposal."
Earlier this week finance minister Rachel Reeves named AstraZeneca as one of the "great companies" she said were delivering jobs and investment across the country.
Her speech, focused on how to get the country's stagnant economy growing again, set out the importance of attracting investment and said the government was "determined to make Britain the best place in the world to invest".
The spokesperson for AstraZeneca, which also plans to spend 200 million pounds to expand its existing Cambridge presence, said the Liverpool site would continue to produce flu vaccines.
Over the past year, the company has set out billions of dollars worth of investment in various countries, from Singapore and Thailand to France and Canada.
The most notable among those was the Anglo-Swedish drugmaker's $2 billion spending proposal on research and development and manufacturing plants in the United States.
Britain's finance ministry said a change in "the make-up" of the investment originally proposed by AstraZeneca had led to a reduced government grant offer being made.
"All government grant funding has to demonstrate value for the taxpayer and unfortunately, despite extensive work from government officials, it has not been possible to achieve a solution," a government spokesperson said.
The Financial Times reported in August 2024 that AstraZeneca had warned it could relocate its vaccine manufacturing site from Britain to the United States as talks with the Labour government over state aid had become deadlocked.
The newspaper said Reeves wanted to reduce state provisions to the company's vaccine centre, which would cut the pledge made by the previous administration from about 90 million pounds to 40 million pounds.
The previous government's offer included up to 70 million in grants to develop the facility in Speke, the FT report said.
($1 = 0.8060 pounds)
(Reporting by Maggie Fick in London, Yamini Kalia in Bengaluru, additional reporting by Muvija M, writing by William James; Editing by Kate Holton and Jan Harvey)
(([email protected];))
Astrazeneca Pharma India Gets Order From Transfer Pricing Officer
Jan 7 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES ORDER FROM TRANSFER PRICING OFFICER
CLAIM QUANTUM IS 119.6 MILLION RUPEES
Source text: ID:nNSE67pMWM
Further company coverage: ASTR.NS
(([email protected];;))
Jan 7 (Reuters) - Astrazeneca Pharma India Ltd ASTR.NS:
RECEIVES ORDER FROM TRANSFER PRICING OFFICER
CLAIM QUANTUM IS 119.6 MILLION RUPEES
Source text: ID:nNSE67pMWM
Further company coverage: ASTR.NS
(([email protected];;))
Astrazeneca Pharma India jumps 8% after job cuts in biopharma unit
** Shares of Astrazeneca Pharma India Ltd ASTR.NS jump 8.3% to 6,888.90 rupees, set for its best day in 3 months
** Drugmaker confirms job losses in its biopharma unit but does not disclose number of employees affected
** The Economic Times daily reported earlier in the day that about 125 employees, or half of the biopharma unit's workforce, is being laid off
** About 194,000 shares traded, 14.6x 30-day avg volume
** Stock extends YTD gains to ~25%, set for third-straight year of growth
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of Astrazeneca Pharma India Ltd ASTR.NS jump 8.3% to 6,888.90 rupees, set for its best day in 3 months
** Drugmaker confirms job losses in its biopharma unit but does not disclose number of employees affected
** The Economic Times daily reported earlier in the day that about 125 employees, or half of the biopharma unit's workforce, is being laid off
** About 194,000 shares traded, 14.6x 30-day avg volume
** Stock extends YTD gains to ~25%, set for third-straight year of growth
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
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What does Astrazeneca Pharma I do?
AstraZeneca Pharma India is engaged in the business of manufacture, distribution and marketing of pharmaceutical products and also provides clinical trial services to an overseas group company. The company engages in execution of clinical studies to generate high quality data eligible for submissions to regulatory agencies across the world aimed at developing life altering medical products.
Who are the competitors of Astrazeneca Pharma I?
Astrazeneca Pharma I major competitors are Pfizer, Eris Lifesciences, Caplin Point Lab, Jubilant Pharmova, Natco Pharma, Alembic Pharma, Marksans Pharma. Market Cap of Astrazeneca Pharma I is ₹21,249 Crs. While the median market cap of its peers are ₹15,635 Crs.
Is Astrazeneca Pharma I financially stable compared to its competitors?
Astrazeneca Pharma I seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Astrazeneca Pharma I pay decent dividends?
The company seems to pay a good stable dividend. Astrazeneca Pharma I latest dividend payout ratio is 69.12% and 3yr average dividend payout ratio is 48.85%
How has Astrazeneca Pharma I allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Astrazeneca Pharma I balance sheet?
Balance sheet of Astrazeneca Pharma I is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Astrazeneca Pharma I improving?
The profit is oscillating. The profit of Astrazeneca Pharma I is ₹188 Crs for TTM, ₹116 Crs for Mar 2025 and ₹162 Crs for Mar 2024.
Is the debt of Astrazeneca Pharma I increasing or decreasing?
Yes, The net debt of Astrazeneca Pharma I is increasing. Latest net debt of Astrazeneca Pharma I is -₹448.62 Crs as of Mar-26. This is greater than Mar-25 when it was -₹1,073.4 Crs.
Is Astrazeneca Pharma I stock expensive?
Astrazeneca Pharma I is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Astrazeneca Pharma I is 113, while 3 year average PE is 122. Also latest EV/EBITDA of Astrazeneca Pharma I is 79.38 while 3yr average is 74.17.
Has the share price of Astrazeneca Pharma I grown faster than its competition?
Astrazeneca Pharma I has given better returns compared to its competitors. Astrazeneca Pharma I has grown at ~28.54% over the last 8yrs while peers have grown at a median rate of 7.52%
Is the promoter bullish about Astrazeneca Pharma I?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Astrazeneca Pharma I is 75.0% and last quarter promoter holding is 75.0%.
Are mutual funds buying/selling Astrazeneca Pharma I?
The mutual fund holding of Astrazeneca Pharma I is increasing. The current mutual fund holding in Astrazeneca Pharma I is 5.66% while previous quarter holding is 5.43%.