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FRANKFURT (Reuters) – Anglo-German tour operator TUI said it has no intention of scaling back orders for Boeing’s 737 MAX planes after two fatal crashes, and expects them to be flying again by mid-July based on feedback from the U.S. planemaker and EU regulator. “We expect July to be live again,” Chief Executive Friedrich Joussen told analysts on a conference call after TUI warned on 2019 profits due to costs of replacing the grounded 737 MAX planes for routes it was committed to, and saw bookings fall gucci cufflinks replica.
(Reuters) – AstraZeneca Plc will pay up to $6.9 billion to work with Daiichi Sankyo Co Ltd on a hotly-tipped experimental treatment for breast cancer, in a direct challenge to the world’s biggest cancer drug maker Roche. The deal on the drug known as trastuzumab deruxtecan sent shares in Japan’s Daiichi soaring 16 percent, its daily limit, to a record high on Friday. Daiichi’s stock has climbed 45 percent this year on optimism about the treatment. Britain’s AstraZeneca plans to use some of the proceeds of a $3.5 billion share issue to fund the deal gucci cufflinks replica. Its shares fell as much as 6 percent..
Under the deal, AstraZeneca will make an upfront payment of $1.35 billion to Daiichi. They will share development and commercialization costs for the drug worldwide, with Daiichi retaining exclusive rights in Japan. Daiichi’s drug, also known as DS-8201, targets the HER2 protein, a major trigger of uncontrolled cell growth in about 20 percent of breast cancers, where Roche has been a pioneer with its aging $7 billion-a-year best-seller Herceptin. DS-8201 is being tested in patient groups that would typically receive Roche’s Kadcyla or Perjeta, products which the Swiss drugmaker hopes will offset a sales decline in Herceptin after loss of patent protection gucci cufflinks replica.
AstraZeneca and its partner will also target patients with low levels of HER2, a much larger breast cancer subgroup with poor treatment options and the drug’s biggest market opportunity, as well as certain lung and gastric tumors. “Over the last four years oncology has been focused on pipeline revitalization gucci cufflinks replica. We feel that we have re-emerged and now our sights shift towards true leadership in the oncology space,” said Dave Fredrickson, AstraZeneca’s head of oncology. The deal is a big bet on Japanese research by AstraZeneca Chief Executive Pascal Soriot, who is seeking to replicate recent success in fast growing cancer drugs Tagrisso, Lynparza and Imfinzi..
Among the wide range DS-8201 patient trials underway, five are at a final stage where results may be used in requests for marketing approval gucci cufflinks replica. “$1.35 billion upfront plus significant future milestones likely necessitates blockbuster peak sales to deliver a return,” said Jefferies analyst Peter Welford, using the industry term for drugs with more than $1 billion in annual sales. Credit Suisse analysts said they saw an 80 percent chance of DS-8201 achieving that status. “The upfront payment is particularly large. It’s a sign that AstraZeneca assumes the drug will become mainstream in the next generation,” said Takashi Akahane, a senior analyst at Tokai Tokyo Research Center..