Covid-19 vaccine penalizes AstraZeneca’s profit – Companies

The pharmaceutical AstraZeneca achieved, in the first nine months of the year, a profit corresponding to 402 million euros, a drop of 78% compared to the same period last year, according to figures that were communicated this Friday to the London Stock Exchange .

Thus, operating profit recorded since the beginning of the year dropped 63%, standing at 1,178 million euros, with inflows (total value) reaching 22,204 million euros, a 32% decrease compared to 2020.

The company notes that excluding the vaccine against covid-19, profits have increased 21% since the beginning of the year, corresponding to 20,265 million euros.

The company notes that it has grown in relation to cancer drugs and has established capabilities in rare disease treatments through the acquisition of pharmaceutical company Alexion.

Medicines to treat rare diseases have made progress thanks to innovation and medical needs, according to the same note from AstraZeneca.

The company’s Chairman of the Board, Pascal Soriot, said that “scientific leadership” has helped growth as the acquisition of Alexion allows the drugmaker to achieve “transformative therapies” aimed at patients around the world.

The company’s debt increased by 10,980 million euros in the first nine months of 2021 to 21,564 million euros, due to the acquisition of Alexion.

Source: Jornal de Negócios by

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