Astra shares dealt regulatory blow

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;12&sol;astra-shares-dealt-regulatory-blow&period;jpg"><img class&equals;"alignnone size-full" title&equals;"A ruling by US regulators hit AstraZeneca shares" src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;12&sol;min-astra-shares-dealt-regulatory-blow&period;jpg" alt&equals;"A ruling by US regulators hit AstraZeneca shares"&sol;><&sol;a><&sol;p>&NewLine;<p>Shares in pharmaceuticals giant AstraZeneca tumbled on Friday after approval for a new heart drug was delayed by a US regulator&&num;8217&semi;s demand for more information&period;<&sol;p>&NewLine;<p>The Food and Drug Administration &lpar;FDA&rpar; wants further analysis of research into Brilinta &&num;8211&semi; a blood-thinning pill &&num;8211&semi; before it clears the drug for sale in the US&period;<&sol;p>&NewLine;<p>The move could set AstraZeneca&&num;8217&semi;s US plans back by nine months&comma; one analyst said&period; Shares fell more than 6&percnt;&period;<&sol;p>&NewLine;<p>The group&comma; which employs 11&comma;000 staff in the UK&comma; won marketing approval in Europe earlier this month for Brilinta and a similar vote was expected from the FDA&comma; but the regulator now wants more details from a recent study on the drug&period;<&sol;p>&NewLine;<p>Astra has shifted focus on to new drugs like Brilinta in the wake of increased competition from cheaper rivals against its core range&period;<&sol;p>&NewLine;<p>Brilinta&comma; like the market&&num;8217&semi;s leading anti-clotting drug Plavix&comma; is designed to keep blood platelets from sticking together in order to prevent blood clots that can lead to heart attacks and strokes&period; The company recently conducted the study into Brilinta on nearly 20&comma;000 patients who had been treated for a heart attack or worsening chest pain in 43 countries&period; Astra&&num;8217&semi;s submission to the US was based on the results of this trial programme&period;<&sol;p>&NewLine;<p>Astra said it remained confident the FDA will not require additional clinical trials &&num;8211&semi; which would be costly for the company &&num;8211&semi; and plans to provide the additional analysis as soon as possible&period;<&sol;p>&NewLine;<p>Tom Kemp&comma; analyst at Panmure Gordon&comma; said the FDA&&num;8217&semi;s move was &&num;8220&semi;not good&&num;8221&semi; for Astra and expects a nine-month delay&period; Mr Kemp said Astra&&num;8217&semi;s trial had proven the drug could stand up to rival Plavix&comma; produced by French firm Sanofi-Aventis&period; But he added&colon; &&num;8220&semi;We believe the company has been negotiating strongly on the label and probably pushed it too far so the FDA responded with a request of further analysis&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Astra&&num;8217&semi;s UK sites include Macclesfield and Wilmslow in Cheshire&comma; Luton&comma; Loughborough&comma; Edinburgh and Brixham in Devon&period;<&sol;p>&NewLine;<p>AstraZeneca recently posted a 26&percnt; drop in pre-tax profits in its third quarter to 2&period;2 billion US dollars &lpar;£1&period;4 billion&rpar;&comma; blaming a mixture of legal costs and increased competition from cheaper rivals&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-69e4c0eb2c50f">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-69e4c0eb2c50f'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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