AstraZeneca goes for growth with new drugs as COVID sales wane

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AstraZeneca on Thursday forecast growth in 2023 earnings and revenue as the British drugmaker seeks to offset declining sales of COVID-19 medicines with its cancer, metabolic and rare disease drugs.

People pose with syringe with needle in front of displayed AstraZeneca logo in this illustration taken, December 11, 2021. REUTERS/Dado Ruvic/Illustration/FilesDrugmaker's shares have outperformed rivals since 2020LONDON, Feb 9 - AstraZeneca

CEO Pascal Soriot said the firm was on a path to deliver at least 15 new medicines this decade. The company also predicted a return to growth in China, one of its key markets, after reporting a second consecutive quarter of growth even as prices remain under pressure.

 

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