Astrazeneca Set for Bumpy Ride

Summary


Shares in drugs giant AstraZeneca look set for a bumpy ride in the next fortnight, with positive news expected for cholesterol fighter Cres-tor but experimental heart drug AGI-1067 widely tipped to fail in a key study.

Clinical trial results on both products are due to be released at the American College of Cardiology annual meeting in New Orleans on March 25 and 27 respectively.

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Extract


Astrazeneca Set for Bumpy Ride

"If it plays out the way the market is expecting, I think overall it will have a negative impact on the stock," UBS Pharmaceuticals analyst David Beadl...

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