Express Pharma

AstraZeneca sets $80 billion revenue target by 2030

Company aims to launch 20 new medicines by 2030, and reduce carbon emissions

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AstraZeneca aims to reach $80 billion in revenue by 2030, up from $45.8 billion in 2023. This will be achieved through growth in its existing oncology, biopharmaceuticals, and rare disease portfolio, alongside the launch of 20 new medicines before the end of the decade. To drive sustained growth beyond 2030, the company will invest in new technologies and platforms.

AstraZeneca will maintain its strategic commitment to R&D while focusing on productivity throughout the Company, driving operating leverage and enabling the delivery of its ambition for a mid-30s percentage Core operating margin by 2026. Beyond 2026, Core operating margin will be influenced by portfolio evolution and the company will target at least the mid-30s percentage range.

Pascal Soriot, Chief Executive Officer, AstraZeneca said, “Today AstraZeneca announces a new era of growth. In 2023 we delivered the ambitious $45 billion revenue goal set a decade ago. With the exciting growth of our innovative pipeline, which has the potential to transform millions of lives, we are now aiming for $80 billion by 2030.”

“We are planning to launch 20 new medicines by 2030, many with the potential to generate more than $5 billion in peak year revenues. The breadth of our portfolio together with continued investment in innovation supports sustained growth well past the end of the decade.” he added.

The release also informs that AstraZeneca also commits to reduce carbon emissions from its increase in revenue. 

The release informs that the  company has already reduced its greenhouse gas emissions (Scopes 1 and 2) by 68 per cent from its 2015 baseline while growing Total Revenue by 85 per cent over the same period. By 2026 the Company will reportedly be carbon zero for Scope 1 and 2 emissions and by 2030 halve its Scope 3 emissions, on the way to science-based net zero by 2045 at the latest.

 

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