AstraZeneca, Daiichi Sankyo claim PhIII lung cancer win for their next big ADC — but shares fall
AstraZeneca and Daiichi Sankyo’s multibillion-dollar antibody-drug conjugate alliance has generated a Phase III win, the partners say, beefing up the case that they have a broadly applicable lung cancer drug in the pipeline.
But a vague mention of patient deaths and the absence of more enthusiastic language is spurring questions and has cast a shadow on the ostensibly positive topline results. AstraZeneca shares $AZN traded down about 6% both on the London stock exchange and premarket on the Nasdaq.
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