AstraZeneca's Investigational Cancer Drug Disappoints In Late-Stage Lung Cancer Trial
Portfolio Pulse from Vandana Singh
AstraZeneca's investigational cancer drug, datopotamab deruxtecan, showed disappointing results in a late-stage lung cancer trial, failing to achieve statistical significance in improving overall survival compared to standard chemotherapy. Despite a numerical improvement in survival, the results did not meet expectations, leading to a decline in AstraZeneca's stock price.
September 10, 2024 | 12:16 pm
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AstraZeneca's datopotamab deruxtecan failed to show statistically significant improvement in overall survival in a late-stage lung cancer trial, leading to a decline in stock price.
The trial results for AstraZeneca's drug did not meet statistical significance, which is a setback for the company. This has led to a negative market reaction, as reflected in the premarket stock price drop.
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