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pharmiweb.com today | 30 July 2010

AstraZeneca Q2 profits up 22 pct

AstraZeneca PLC has reported a 22 percent rise in second quarter net profit and has also revealed that a key new drug — its blood thinner Brilinta — has been given a thumbs up by an advisory committee of the U.S. Food and Drug Administration.

The Anglo-Swedish drugmaker on Thursday posted net profit of $2.1 billion for the three months to June 30, compared with $1.72 billion in the same period a year ago....

Revenue rose 2.8 percent to $8.18 billion, from $7.96 billion.

Commenting on the results, David Brennan, Chief Executive Officer, said:"Our second quarter performance reflects continued strong growth in our Emerging Markets and good performance for key brands Crestor, Seroquel and Symbicort. While revenue and Core EPS comparisons become more challenging in the second half of the year, we have increased our full year financial targets."

FDA advisory committee members have voted 7 to 1 to recommend the approval of Brilinta in patients with acute coronary syndrome, or blocked arteries. The FDA usually follows the advice of its advisory committee.

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