Strong Financial Performance in 2024
Total revenue increased by 21% and core EPS grew by 19%, illustrating strong underlying momentum. Core operating expenses grew by 14%, showing leverage with lower growth relative to total revenue.
Pipeline Advancements
Nine high-value pivotal trials readouts were delivered, representing over $5 billion in non-risk adjusted peak year revenue. Eight new medicines were approved, including Datroway.
Emerging Markets Growth
Emerging market growth was at 22% in 2024, with non-China emerging markets growing by 32%.
Oncology Segment Success
Oncology delivered total revenues of $22.4 billion, a 24% increase, with key medicines achieving significant milestones. Tagrisso achieved over $6.5 billion, and Calquence grew by 20%.
BioPharmaceuticals Growth
BioPharmaceuticals medicine saw revenue growing 21% to $21.9 billion in 2024, with strong growth in R&I (28%) and CVRM (17%).
Rare Disease Segment Growth
Rare disease delivered total revenue of $8.8 billion in 2024, up 16% year-over-year, driven by increased patient demand and new market launches.