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AstraZeneca Aims to Double its Turnover Until 2030, up to 73.7 Billion Euros

AstraZeneca aims to nearly double its 2023 sales to $80 billion by 2030, focusing on cancer and rare disease treatments. CEO Pascal Soriot highlighted twelve potential blockbuster drugs, with five targeting cancer. The company also announced the acquisition of Fusion Pharmaceuticals and appointed Luis Miguel Carrasco as Spain’s new financial director.




The British laboratory AstraZeneca has set a goal of reaching sales of $80 billion by 2030 by betting on treatments against cancer, rare diseases and other conditions, as revealed this Tuesday, May 21st, at its Investor Day. In this way, the company aims to practically double the turnover recorded in 2023 , which amounted to $45.8 billion, by the end of the decade, through the commercialization of twenty drugs of relevance by then.

As explained by its CEO, Pascal Soriot, twelve of these drugs have the potential to generate more than 5 billion dollars a year , of which five would be for cancer. “AstraZeneca today announces a new era of growth,” said Soriot. “The breadth of our portfolio along with continued investment in innovation supports sustained growth well beyond the end of the decade,” he added.

In addition, the manager has also maintained that the company’s solid position in emerging markets will be vital to achieving its growth objectives. Thus, the company is the largest drug manufacturer by sales in China and has an important research and development center in Shanghai .

AstraZeneca is also betting on radiopharmaceuticals. In this sense, the laboratory agreed earlier this year to purchase Fusion Pharmaceuticals for $2.4 billion.

AstraZeneca has announced who will be its new financial director in Spain

AstraZeneca’s Investor Day has coincided with the announcement of changes in its management in Spain. The British pharmaceutical company today announced the appointment of Luis Miguel Carrasco as its new financial director. Carrasco, who has been within the company for more than a decade managing multidisciplinary and international teams, “assumes this new role with the aim of consolidating AstraZeneca’s financial position in the pharmaceutical sector and strengthening its presence in Spain,” reads the company’s statement. company.

Luis Miguel Carrasco has a degree in Economics and has a master’s degree in Multinational Management from the Autonomous University of Madrid (UAM) and another in Financial Management from Esade. In addition, he has complemented his training at institutions such as Cranfield School of Management and Wharton University. Currently, he has 23 years of experience in corporate finance .

In 2014, Carrasco joined AstraZeneca as head of finance business partner for Oncology&Medical and, after managing the creation of the Oncology unit in 2016, assumed the role of CFO for Central America and the Caribbean in 2020, overseeing more than 20 markets.


(Featured image by Marek Studzisnki via Unsplash)

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First published in PlantaDoce. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.