AstraZeneca boss shrugs off dip in profits by pointing at bigger picture

8 November 2018

AstraZeneca’s (LSE: AZN) enormous investment in R&D in the last five years means that pipeline updates are seen as more important than quarterly results – a fact that was again evident on Thursday.

The Anglo-Swedish company presented third-quarter results that showed a dip in total revenue and profits as sales of its statin Crestor (rosuvastatin) took a hit from competition, but shareholders were perhaps more swayed by chief executive Pascal Soriot’s (pictured above) words on future growth, as stock value grew 2% in morning trading.

"Today marks an important day for the future of AstraZeneca"

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