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Barchart
Tony Daltorio

Next-Gen Cancer Therapies Could Spark Upside for AstraZeneca Stock

AstraZeneca Cancer AZN Fusion Novartis United States Oncology

Pharmaceutical giant AstraZeneca PLC (AZN) is a specialist in cancer treatments. In fiscal year 2023, it derived $18.4 billion and 40% of its sales from oncology products.

So it’s not a surprise that the company decided to move into the latest, next-generation treatments for cancer - radiopharmaceutical drugs. On March 19, AstraZeneca announced it will buy Canadian drug developer Fusion Pharmaceuticals (FUSN) for $2.4 billion. The deal involves a $2 billion upfront cash transaction, with a total transaction value of $2.4 billion based on contingent, further payments.

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