Astra Posts In-Line 4Q as Pipeline Approaches Inflection Point; Shares Look Undervalued
AstraZeneca reported fourth-quarter results that were largely in line with our and consensus expectations, and we don’t expect any major changes to our fair value estimate. We continue to view the stock as undervalued with an underappreciated pipeline, especially the new cancer drugs. Despite the massive generic competition currently weighing on the company, the strength of recently launched drugs combined with the emerging pipeline helps support our wide moat rating.In the quarter, total sales...
AstraZeneca is a holding company. Through its subsidiaries, Co. operates as a biopharmaceutical company engaged in discovering, developing, manufacturing and commercializing its pipeline of small molecule and biologic prescription medicines, including targeted business development through collaboration, in-licensing and acquisitions. Co. is focused on three main therapy areas: Oncology, Cardiovascular and Metabolic Diseases, and Respiratory. Co. is also selectively active in autoimmunity, infection and neuroscience. In addition, Co. works across small molecules, oligonucleotides and other drug platforms, as well as biologic medicines.
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