Goldman Sachs reiterates Conviction Buy rating on AstraZeneca stock

Published 01/09/2025, 08:16
© Reuters.

Investing.com - Goldman Sachs has reiterated its Conviction Buy rating on AstraZeneca (NASDAQ:AZN) (AZN:LN) following the presentation of Phase 3 trial data for baxdrostat at ESC 2025.

The Phase 3 BaxHTN trial showed that baxdrostat demonstrated dose-dependent placebo-adjusted reductions in seated systolic blood pressure (SBP) at Week 12. The 2mg dose achieved a 9.8mmHg reduction while the 1mg dose showed an 8.7mmHg reduction without dose modification.

In an exploratory analysis, the 2mg dose demonstrated placebo-adjusted reductions of 16.9mmHg in ambulatory 24-hour SBP and 11.7mmHg in night-time SBP. These effects were attributed to the drug’s long half-life of 26 to 31 hours.

Safety data revealed confirmed moderate to severe hyperkalemia rates of 1.1% for both the 2mg and 1mg doses, compared to 0% with placebo. Discontinuation due to adverse events occurred at rates of 4.5% for the 2mg dose and 2.7% for the 1mg dose, versus 1.9% with placebo.

According to management statements during the conference call, no clinically meaningful drug-drug interactions were associated with baxdrostat, an important finding for the treatment’s potential clinical application.

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