LONDON--AstraZeneca PLC (AZN) said Tuesday that the first randomized Phase III trial of its Tagrisso drug had demonstrated better results than chemotherapy for some types of lung cancer.

The results showed the drug had the potential to replace chemotherapy as the standard treatment for certain patients, the pharmaceutical giant said.

Tagrisso is a once-daily tablet approved in the European Union, the U.S., Japan and Canada and a number of other countries as the first treatment for patients with certain types of lung cancer.

AstraZeneca shares at 0940 GMT were down 20 pence, or 0.5%, at 40.14 pounds($42.73), valuing the company at GBP50.77 billion.

 

-Write to Razak Musah Baba at razak.baba@wsj.com

 

(END) Dow Jones Newswires

December 06, 2016 05:10 ET (10:10 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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