Movement Alert|AstraZeneca PLC Falls 3.65% in After-Hours Trading, Disappointing Phase 3 Clinical Trial Results Weigh on Shares

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Yesterday

On September 12, AstraZeneca PLC declined 3.65% in after-hours trading, with shares dropping to approximately $155.00 per share on turnover of $2.64 million.

The decline was triggered by disappointing results from a Phase 3 clinical trial. The setback adds to a series of mixed clinical developments for the company, which earlier terminated its Phase 3 lung cancer trial for volrustomig after an independent data monitoring committee found the combination therapy was unlikely to meet its primary survival endpoints in metastatic non-small cell lung cancer patients.

Within the Pharmacy sector, peers showed relatively muted moves during the regular session, with Eli Lilly up 0.12%, Johnson & Johnson up 0.41%, Merck up 0.05%, Pfizer down 0.10%, and Novo-Nordisk down 0.01%, underscoring that AstraZeneca's after-hours weakness was driven by company-specific clinical news rather than broader sector pressure.

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