AstraZeneca raises 2024 sales and profit forecast on strong cancer and rare disease therapy demand.

Anglo-Swedish pharmaceutical company AstraZeneca raised its full-year sales and profit forecast for 2024, citing strong demand for its cancer and rare disease therapies. Second-quarter revenues surpassed analyst expectations, with oncology sales growing 19% to $5.33 billion. CEO Pascal Soriot attributed this growth to the company's evolving drug pipeline and emerging technologies, such as antibody-drug conjugates, which are set to drive growth beyond 2030.

July 25, 2024
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