AstraZeneca Plc has won U.S. approval for Epanova, a new pill for heart disease, providing a welcome - but relatively minor - piece of good news as it fights a $106 billion takeover approach from Pfizer Inc .Epanova will be entering a crowded market for fish oil-based cardiovascular drugs, limiting its commercial potential. However, the fact that AstraZeneca secured approval on schedule is a sign that the company is delivering on its pipeline hopes."This approval is a significant milestone for AstraZeneca, as it strengthens our existing portfolio of cardiovascular medicines," Briggs Morrison, global head of medicines development, said in a statement.Industry analysts, on average, expect Epanova sales to reach a relatively modest $322 million a year by 2018, according to Thomson Reuters Pharma.
AstraZeneca PLC (AstraZeneca) is a global biopharmaceutical company. Shares of AZN fell by 1.42% or $-1.15/share to $79.87. In the past year, the shares have traded as low as $46.87 and as high as $82.68. On average, 3546180 shares of AZN exchange hands on a given day and today's volume is recorded at 5797259.
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE fell by 2.57% or $-0.79/share to $29.96. In the past year, the shares have traded as low as $27.12 and as high as $32.96. On average, 28994300 shares of PFE exchange hands on a given day and today's volume is recorded at 54908732.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.2% or $-0.43/share to $35.27. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 867741 shares of TRI exchange hands on a given day and today's volume is recorded at 972918.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.3% or $-0.51/share to $38.69. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 944490 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 682073.
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