As pandemic enters new phase, AstraZeneca looks for vaccine profits
Spying eye-watering profits at rival coronavirus vaccine developers, Vaxzevria manufacturer AstraZeneca (LSE: AZN) has taken a step towards boosting revenues with its first for-profits deal.
The announcement comes as the company reports revenue growth of 50% in the third quarter of 2021, at $9.9 billion, around $1 billion of which came from COVID vaccine sales.
The revenue result is a little higher than most analysts had been expecting. Following Generally Accepted Accounting Principles (GAAP), there was a loss per share in the third quarter of $1.10.
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