02-02-2017 18:24 via uk.news.yahoo.com

AstraZeneca flags tough 2017, yet confident on key cancer trial

By Ben Hirschler LONDON (Reuters) - AstraZeneca warned on Thursday that profit and revenue would both fall this year as cheap generic versions of its cholesterol drug Crestor continue to hit sales. The British pharmaceuticals group hopes that 2017 will be the earnings trough, but its recovery hinges on the success of new medicines and results from a clinical trial of a combination of two lung cancer drugs, which investors view as risky. Chief Executive Pascal Soriot reaffirmed his confidence in
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