The Traderszone Network

Published in TZ Latest News 15 May, 2014 by The TZ Newswire Staff

Good cancer drug data helps AstraZeneca in Pfizer fight

Britain’s second-biggest drugmaker has rejected a $106 billion approach from its U.S. rival Pfizer, arguing that it has a bright future as an independent firm due to a promising pipeline of cancer and other drugs. Its new lung cancer drug, known as AZD9291, targets a genetic mutation that helps tumors evade current treatments. AstraZeneca believes it could sell as much as $3 billion a year.

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