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AstraZeneca's profit and sales grew last quarter, and it plans to save $1.5 billion to boost its drug lineup.

ResultsRead the original at marketscreener.com
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AstraZeneca reported third-quarter sales and profit growth, and Imfinzi sales rose 26% at constant currency. It repeated its full-year forecast rather than raising it, but positive Phase III trial results and planned research savings make the report favorable.

AZN · AstraZeneca

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The AI's read

The report adds support for AstraZeneca's business outlook. Growing sales and profit show the business expanded, and Imfinzi's rise points to strength in cancer medicines. Positive Phase III trial results add support for its drug pipeline. The $1.5 billion savings plan is meant to fund more research. AstraZeneca repeated its full-year forecast rather than raising it, but the growth and trial news carry more weight.

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