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AstraZeneca shares leap with FDA set to review drug to treat breast cancer

1. AstraZeneca shares rose 7% following FDA's review announcement for Enhertu. 2. The FDA ruling for Enhertu is expected by May 18, 2026. 3. Enhertu showed significant improvement in high-risk early-stage breast cancer patients. 4. Sales of Enhertu reached $2.29 billion in the first half of the year. 5. AstraZeneca's shares also benefited from the Pfizer deal affecting the sector.

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FAQ

Why Bullish?

The FDA's review of Enhertu is a positive catalyst similar to past drug approvals that have driven stock prices higher.

How important is it?

FDA review can significantly boost AZN's stock, reflecting past trends after announcements of similar nature.

Why Long Term?

The ruling expected in 2026 allows for long-term investment interest as clinical data and sales momentum strengthen.

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