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Astrazeneca boosted as Covid-19 therapies offset vaccine drop

Although the UK pharmaceutical firm saw a drop in vaccine sales, other Covid-19 treatments have fared better, allowing Astrazeneca to raise its revenue guidance for 2022.

Photo: RACHEL WISNIEWSKI/REUTERS / X07206

Astrazeneca Plc raised its outlook for 2022 revenue as sales of its Covid-19 therapies offset a decline in its coronavirus vaccine.

The UK drugmaker now expects revenues to rise by more than 20% this year, according to a statement Friday that showed its second-quarter earnings beat analysts’ estimates.

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