AstraZeneca says Wainua failure won’t alter M&A plans, stays on track for $80B 2030 goal
AstraZeneca said during its Q2 earnings presentation that the late‑stage failure of the antisense therapy Wainua in ATTR‑cardiomyopathy does not derail its goal of reaching $80 billion in revenue by 2030.
Chief financial officer Aradhana Sarin told reporters the setback has no impact on the company’s M&A strategy, and CEO Pascal Soriot added that failures are expected and the firm does not need acquisitions to deliver growth, citing a broad pipeline of candidates.
The company also disclosed several other clinical disappointments, mainly in its cancer portfolio, but framed them as part of a larger set of positive study outcomes and said they will not change its overall business‑development approach.
This writeup was produced by pharmadog from original reporting by BioSpace.
Original headline: “AstraZeneca has no plans to ramp up dealmaking in wake of Wainua failure”
read at BioSpace ↗
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