Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

AstraZeneca asthma drug fails to meet end goal in COPD trials

(Sharecast News) - AstraZeneca said on Monday that asthma drug Fasenra had failed to meet core targets in trials involving patients with severe lung disease. The drugs giant said phase III trials into Fasenra, which is already approved as an add-on maintenance treatment for severe eosinophilic asthma, had shown numerical improvement.

However, despite that, the drug had not achieved statistical significance in the primary endpoint in patients with chronic obstructive pulmonary disease (COPD).

Sharon Barr, executive vice president for biopharmaceuticals research and development at the blue chip, said: "COPD, which remains a leading cause of death worldwide, is a complex, heterogeneous disease and we continue to advance other promising approaches in our pipeline to address the unmet needs of patients."

Separately, AstraZeneca also provided an update on research into Saphnelo, its monoclonal antibody treatment.

It said there had been "positive" high-level results from a pre-specified interim analysis of phase III trial in patients with systemic lupus erythematosus (SLE).

In particular, it showed that the subcutaneous administration of Saphnelo demonstrated a "statistically significant and clinically meaningful" reduction in disease activity compared to placebo.

Barr said the analysis "takes us one step closer in making the clinically meaningful benefits of Saphnelo accessible for more patients with SLE".

SLE affects around 3.4m globally.

Shares in AstraZeneca shed 1% as trading got underway, at 11,256p.

Share this article

Related Sharecast Articles

GSK gets preliminary nod for two respiratory drugs in Europe
(Sharecast News) - GSK said on Friday afternoon that two of its respiratory medicines had received positive opinions from the European Medicines Agency's Committee for Medicinal Products for Human Use, bringing the company closer to potential approvals across severe asthma, chronic rhinosinusitis with nasal polyps and chronic obstructive pulmonary disease.
Shore Capital hails improved US biotech funding environment for hVIVO
(Sharecast News) - Shares in AIM-listed hVIVO were continuing their recent surge on the back of encouraging signs from the US biotech market, which broker Shore Capital said has created a "much more favourable environment" for the company.
Weir to buy remaining 50% stake in Chile JV ESEL for £56m
(Sharecast News) - Weir said on Friday that it has agreed to buy the remaining 50% share of its Chile-based joint venture ESEL for a sterling equivalent purchase price of £56m.
Jefferies downgrades Whitbread, upgrades IHG
(Sharecast News) - Jefferies downgraded Whitbread to 'hold' from 'buy' on Friday as it applied the reverse upgrade to InterContinental Hotels.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.