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AZN - AstraZeneca News Story

7144p 164.0  2.3%

Last Trade - 03/04/20

Large Cap
Market Cap £93.75bn
Enterprise Value £104.74bn
Revenue £19.89bn
Position in Universe 6th / 1834

BUZZ-Vifor Pharma: Baader cuts on gloomier prospects for potassium drug

Tue 18th February, 2020 9:31am
** Shares in Vifor Pharma  VIFN.S  drop 6% and are heading
for their worst day in 2 yrs after Baader Helvea cuts to
"reduce" from "add", citing weaker prospects for the Swiss
healthcare company's flag product Veltassa in the U.S.
    ** The drug is used to treat high levels of potassium in the
    ** Britain's AstraZeneca  AZN.L  (+0.7%) reported Q4 sales
for rival drug Lokelma at $8 mln, saying it has already
surpassed Vifor's product in terms of prescriptions*:nL4N2AE1LR
    ** Baader cuts its peak sales estimates for the Swiss
company's drug by almost 40% to CHF 320 mln
    ** Vifor shares hit the bottom of the Swiss Mid Price Index

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