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Astrazeneca Q2 Profits Up 22 Percent

From Associated Press (July 29, 2010)

LONDON -- AstraZeneca PLC has reported a 22 percent rise in second quarter net profit and has also revealed that a key new drug -- its blood thinner Brilinta -- has been given a thumbs up by an advisory committee of the U.S. Food and Drug Administration.

The Anglo-Swedish drugmaker on Thursday posted net profit of $2.1 billion for the three months to June 30, compared with $1.72 billion in the same period a year ago.

Revenue rose 2.8 percent to $8.18 billion, from $7.96 billion.

FDA advisory committee members have voted 7 to 1 to recommend the approval of Brilinta in patients with acute coronary syndrome, or blocked arteries. The FDA usually follows the advice of its advisory committee.

Posted: July 2010

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