More success in oncology lifts AstraZeneca stock

15 August 2022

Investments in research and development continue to pay dividends for British drugmaker AstraZeneca (LSE: AZN), with the firm’s antibody-drug conjugate (ADC) Enhertu (trastuzumab deruxtecan) passing an important test in breast cancer.

Shares in the company rose substantially following news of positive high-level results from the Phase III DESTINY-Breast02 study, comparing the ADC with physician’s choice of treatment in the second-line setting.

Co-developer Japan's Daiichi Sankyo (TYO: 4568) saw its stock rise by 15% on Monday, while shares in the major partner AstraZeneca rose 2.5%.

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