AstraZeneca posts sharp drop in first-half profits | ABS-CBN

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AstraZeneca posts sharp drop in first-half profits

AstraZeneca posts sharp drop in first-half profits

Agence France-Presse

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A view of the logo at biopharmaceutical company AstraZeneca headquarters in Sydney, Australia, Aug. 19, 2020. Dan Himbrechts, EPA-EFE/File 
A view of the logo at biopharmaceutical company AstraZeneca headquarters in Sydney, Australia, Aug. 19, 2020. Dan Himbrechts, EPA-EFE/File


MANILA — AstraZeneca, a major producer of COVID vaccines, said Friday that profits fell sharply in the first half on ballooning costs linked to a recent takeover.

Net profit slumped 64 percent to $746 million compared with the first 6 months of last year, AstraZeneca said in a statement.

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