Feb 10 • 10:50 UTC 🇳🇬 Nigeria Punch

AstraZeneca profit rises as cancer drug sales grow

AstraZeneca reported a 45% increase in net profit for 2025, driven by robust sales of cancer drugs and expansion in the U.S. and China.

AstraZeneca, the British pharmaceutical giant, has announced a remarkable 45% surge in its net profit for the year 2025, reaching $10.2 billion compared to $7.0 billion the previous year. This growth is largely attributed to a significant increase in the sales of its cancer drugs, which have become a primary focus as the company expands its market presence in lucrative regions like the United States and China. The overall revenue for the firm also rose by nine percent, totaling $58.7 billion, highlighting a strong commercial performance across various therapy areas.

Chief Executive Pascal Soriot expressed optimism about the company's ongoing success, indicating that the encouraging momentum would carry into 2026. He emphasized AstraZeneca's strong product pipeline and its effective commercialization strategies, which have positioned the company well in a highly competitive pharmaceutical market. Soriot's confidence is reflected in his projection that AstraZeneca aims to achieve an ambitious target of $80 billion in annual revenue by the end of the decade.

In response to these positive results, AstraZeneca's shares saw a one percent increase during midday trading on the London stock exchange, defying a broader downturn in the FTSE 100 index. Analysts are closely watching the company's progress, particularly as it enters the final stages of trials for several key products. If successful, these developments could further enhance AstraZeneca's market standing and contribute significantly to revenue growth, reinforcing its role as a leader in the global pharmaceutical industry.

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