1008 GMT - AstraZeneca's biopharma unit has several drugs in late-stage development that could deliver multibillion-dollar annual sales and have a high probability of hitting targets, Bank of America analysts say in a note. While the U.K. drugmaker's success in recent years has been driven by oncology, its biopharma business is due to provide updates on key products over the next year and a half that could unlock significant sales opportunities, the analysts say. Bank of America sees five drugs in AstraZeneca's biopharma pipeline that could generate up to $5 billion in annual peak sales each--Wainua, tozorakimab, laroprovstat and two follow-on products to its blockbuster cardiovascular medicine Farxiga. All target substantial markets and are underappreciated by investors, the analysts add. Shares rise 0.2%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
June 11, 2026 06:08 ET (10:08 GMT)
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