AstraZeneca has raised its revenue guidance for the full year after strong sales of its Evusheld Covid-19 antibody treatment and drugs to treat cancer and rare diseases.
The Anglo-Swedish drugmaker now expects total revenue to increase by a low 20s percentage, up from its previous forecast for growth in the high teens. It stuck to its previous guidance for core earnings per share, expecting it to rise by a mid-to-high 20s percentage.
Pascal Soriot, AstraZeneca’s chief executive, said the expected revenue rise would allow the company to boost investment in research and development.
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