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AstraZeneca defiant in the face of Covid headwinds

The pharma giant justifies its premium valuation with continued commitment to drug development.
July 29, 2022
  • Oncology franchise continues to stand out
  • Increased opex is a reflection of R&D investment

The controversy that surrounded the rollout of the AstraZeneca (AZN) Covid-19 vaccine now seems like a distant memory. The company has updated its revenue guidance for the year after several of its products, including the Covid-19 prevention drug Evusheld, exceeded sales expectations in the first half. 

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