Pharmaceutical company AstraZeneca is planning to increase its total revenue by 75% and release 20 new medicines by 2030, including cancer treatments.
Pharmaceutical company AstraZeneca on Tuesday said it planned to increase its total revenue to $80 billion by 2030 — up 75% from $45.8 billion in 2023.
AstraZeneca will focus on its oncology, biopharmaceuticals and rare diseases businesses and expects to release an additional 20 medicines in the next six years."Many of them have the potential to be $5 billion drugs," Sarin noted. A company statement detailed that this revenue figure could be hit annually for many of the new medicines in peak years.
"For the entire market to get replaced it will take time, but we think we have the technology today to start replacing them," Sarin told CNBC."That's the new technology which will replace chemotherapy. That is very complex manufacturing, which is why you need an end-to-end which is why we decided to make this investment in Singapore," Sarin said. Investments have also been made at other AstraZeneca sites, she added.
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