NEW YORK (Reuters) - AstraZeneca Inc (AZN) has raised the price of its biggest-selling drug, esomeprazole magnesium, for a second quarter it said on Wednesday.
The stock fell 10.2 percent, to $2.53, at Rs 7.30 a share. The market-hit drug was up 8.1 percent in the second quarter, but its price has been unchanged for the second quarter to 2.8 percent. The average price of Nexium, which was up $1.11 a share, was down $0.16 a share.
The drug's price, which is also called esomeprazole magnesium, rose 8.3 percent, to $2.10 a share, while Nexium's price rose 5.1 percent, to $2.15 a share. A generic version of the drug, which was up $0.03 a share, was down $0.13 a share.
The company also said it would be adding the drugs to its portfolio of other drugs such as ritonavir, the hepatitis C treatment Zidovudine, which was down $0.09 a share.
AstraZeneca has been selling the drug to other companies, including Abbott Laboratories Inc (ALZ) and Merck & Co Inc (M& C) for $4.55 a share.
AstraZeneca, which also sells the drugs for its medicines for the treatment of rheumatoid arthritis and psoriasis, is still in the process of closing its business. A $3 billion in sales are expected for AZN on Nov. 30.
The stock is up 2.5 percent to $4.80 a share, and the market-hit drug was down $0.15 a share, to $2.15 a share. It is up 2.7 percent on a daily basis, down $0.11 a share.
The stock was up 2.1 percent, to $2.10 a share. The market-hit drug, which is also called esomeprazole magnesium, is the biggest selling drug of the past year.
AstraZeneca said it will sell the drugs, including the branded version of the drug, in other markets until a deal with US regulators expires on April 1.AstraZeneca's shares fell 4.3 percent to $12.64 a share in the week ended Oct. The shares were down 2.6 percent on a daily basis.
AstraZeneca shares fell 7.1 percent to $11.50 a share, while the market-hit drug, which was a generic version of the drug, fell $1.14 a share. The stock has been down for the past six months, at an average of 2.1 percent.AstraZeneca said it would be adding the drugs to its portfolio of other drugs, including ritonavir, the hepatitis C treatment Zidovudine, which was down $0.03 a share.
The company also said it would be adding the drugs to its portfolio of other drugs, including ritonavir, the hepatitis C treatment Zidovudine, which was down $0.03 a share.
The stock has been down in the past six months, at an average of 2.1 percent, to $2.10 a share. The price of Nexium, which was down $0.03 a share, was down $0.15 a share. The market-hit drug was down $0.13 a share, to $2.15 a share. The drug, which also costs a US$0.03 a year, is down $0.15 a share.
AstraZeneca said it would be adding the drugs to its portfolio of other drugs, including ritonavir, the hepatitis C treatment Zidovudine, which was down $0.
AstraZeneca will soon begin testing a generic version of Nexium, the world's biggest drug maker, in a new lab in Manhattan. The company has promised to test a generic version of the drug in three weeks' time.
The company will begin testing its version of Nexium next year.
The test is the latest development in the company's $1.1bn Nexium trial that has been approved by the U. S. Food and Drug Administration, after an extensive run-in with the drug company and an end-of-year review in the U. by the European Medicines Agency. The U. study is expected to give AstraZeneca the green light to start testing the generic version of Nexium in the next few years.
Nexium is the brand name for the drug Pristiq, a prescription drug used to treat heartburn, which occurs when stomach acid leaks from the esophagus.
Dr. Steven Nissen, a urologist at New York’s Staten Island University Hospital, said the company's clinical studies show it is "a very safe drug".
study was funded by AstraZeneca, which is developing a generic version of the drug, known as Nexium.
AstraZeneca will begin testing its version of Nexium next year.
The company said its research into the generic version of Nexium is ongoing and was conducting long-term clinical trials.
"As we’ve been focusing on our current clinical trials, we’re in the process of reviewing the results of these clinical trials," said Steven Nissen, a urologist at New York’s Staten Island University Hospital.
Nissen said he expects to see more data to support the test.
Nissen said the company has been monitoring the results of the trial for "a period of time".
In the past six years, Nexium has taken more than $4 billion in sales, according to IMS Health, and it has accounted for about 11 percent of AstraZeneca's revenue.
The Nexium study will be a major clinical trial to evaluate the drug’s efficacy in treating heartburn.
The drug is the company's top-selling product worldwide, with $4.7 billion in sales last year, according to IMS Health.
Nexium was developed as a treatment for chronic conditions such as ulcers, acid reflux, gastroesophageal reflux disease, and peptic ulcers. Nexium was first approved by the Food and Drug Administration in 1998 for treating heartburn and acid reflux.
Photograph: Susan L. Kastelein/APAstraZeneca has been testing a generic version of the drug for the past six years. It will be approved in three weeks’ time and will be sold as a generic for AstraZeneca.
Nexium is AstraZeneca’s top-selling product worldwide, with $4.7 billion in sales last year, according to IMS Health. It is the company’s top-selling product worldwide, with $4.7 billion in sales in 2018.
AstraZeneca expects to start testing a generic version of Nexium next year.
AstraZenecaThe company said it will begin testing a generic version of Nexium next year. AstraZeneca is continuing to develop the drug.
The company will also have a partner in the company to partner with.
The Nexium trials are expected to begin in July. The company said it will conduct a study to see if a generic version of the drug can help the patient experience better pain relief and ease some of the pain.
study is expected to be completed next year.
AstraZeneca is testing a generic version of Nexium in the new lab at New York’s Staten Island University Hospital.
This product is a Prescription Only Medicine (S4) and is sold by Healthylife Pharmacy, an independently owned and operated pharmacy business. This prescription product requires a valid Australian script.
Product Code:5436 HealthylifePharmacy is sold out of stock.Manufacturer: HealthylifePharma is sold out of stock.
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Original price$ 21.95
Current price$ 15.95
SKU305732-451145
Get 24-hour relief from frequent heartburn with Nexium 24HR Tablets. It provides complete protection from frequent heartburn in easy-to-swallow tablets. Nexium 24HR tablets work by blocking acid directly at the source, giving you 24 hours of protection from frequent heartburn. Just one tablet a day provides all-day, all-night protection from frequent heartburn. Nexium 24HR is the #1 Selling OTC frequent heartburn brand.
Omeprazole 20 mg (idespreadpluralserv) is a proton pump inhibitor (a. PPP) usually prescribed for GERD, when taken before or after PPI, esomeprazole 20 mg (stronger acid reducer) to treat reflux, and reflux at the source, lower the risk of esomeprazole 20 mg (stronger acid reducer) side effects compared to taking omeprazole 20 mg (idespreadpluralserv). spread the word: it also helps people with frequent heartburn to avoid those too “high” they feel they are getting by just one pill a day (4).
Nexium Control 20mg Gastro-Resistant Tablets treats heartburn and acid reflux. They are suitable for short-term treatment of reflux symptoms (heartburn, acid regurgitation) in adults, aged 18 or over.
Caution: Do not use if you are allergic to esomeprazole or any of the ingredients of this medicine.
How to use:
Read the package leaflet before use
Take one tablet once a day. Do not exceed this dose
The tablets should be swallowed whole. Do not chew or crush the tablets
May take 2-3 days for full effect
If your symptoms worsen or do not improve after taking this medicine for 14 days in a row, contact your doctor.
Precautions
This is a medicine; Consult your doctor or pharmacist if you have an underlying medical condition, are taking any other medication or complementary therapy, or if symptoms persist.
Seek advice before using if you are breast feeding, pregnant, planning to become pregnant, or suffer from allergies.
Keep all medicines out of the reach of children.
Ingredients
Each gastro-resistant tablet contains 20 mg esomeprazole (as magnesium trihydrate). Contains sucrose.
Active ingredient:Eosalt.
Reciprocina®x50TabletContains esomeprazole (as magnesium trihydrate).