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April 23, 2007
By: Tim Wright
AstraZeneca 1Q Revenues: $7 billion (+13%) 1Q Earnings: $1.6 billion (+10%) Comments: Growth in the quarter was driven by combined sales of five key products: Nexium, Seroquel, Crestor, Arimidex and Symbicort, up 17% to $3.6 billion. R&D expenses were $1.2 billion in the quarter, up 36%. In the quarter, the company decided to terminate its licensing and collaboration agreement with AtheroGenics Inc., resulting in charges totaling $83 million.
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