Pascal Soriot stands by the ambitious growth target he set for AstraZeneca in his defense against Pfizer's 2014 bid for the company. Any shortfall in the target of $45bn by 2023 will reflect the weakening of the dollar rather than product challenges for the UK company, the bullish CEO told Scrip one day after the company delivered disappointing Phase III data that slashed around 15% from its share price.
AstraZeneca's Soriot still confident of hitting long-range target
Just one day after the revelation that AstraZeneca PLC's PD-L1 inhibitor Imfinzi (durvalumab) as monotherapy and combined with its CTLA-4 inhibitor tremelimumab had failed to meet the progression-free survival endpoints in the much-anticipated MYSTIC trial in first-line treatment of stage IV non-small cell lung cancer, CEO Pascal Soriot was standing by the ambitious sales growth targets he set for the company in 2014.
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