ANGLO-SWEDISH drugmaker AstraZeneca on Thursday raised its sales and profit forecast for 2024 and topped analyst expectations for second-quarter revenue, buoyed by demand for its therapies for cancer and rare diseases.

Sales in the company's top business, oncology, grew 19 percent at constant currency rates to $5.33 billion and accounted for 41 percent of the total, while other divisions, such as rare diseases and respiratory and immunology, also raked in double-digit growth.

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