1154 GMT - AstraZeneca's rich drug pipeline suggests the U.K. drugmaker has credible growth prospects through the end of the decade and beyond, analysts at Jefferies say in a research note. "In our minds, [AstraZeneca] has the ability to drive 7% revenue [compound annual growth rate] into 2030, and then is the only company that has a credible path to sustainable growth beyond," the analysts say. The company is due to provide updates on key drug candidates for obesity, lung and breast cancers, among others, this year, they add. Of the $80 billion in revenue AstraZeneca is targeting by 2030, currently approved franchises and expanded labels can cover 75%, according to Jefferies. Shares fall 0.9%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
May 13, 2026 07:54 ET (11:54 GMT)
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