AstraZeneca share price up on FTSE 100 after ending development of anti RSV drug
![David Brennan, CEO of AstraZeneca Plc](https://d.ibtimes.co.uk/en/full/56594/david-brennan-ceo-astrazeneca-plc.jpg?w=736&f=a183979e7d444cd9214fef0ca28f0be0)
Shares in AstraZeneca were up on the FTSE 100 in afternoon trading after the drug-maker said it had ceased the development of motavizumab for the prophylaxis of serious respiratory syncytial virus (RSV) disease.
The group said it had also requested a withdrawal of its Biological License Application from the US Food and Drug Administration.
By discontinuing development of the drug AstraZeneca said it expected a final impairment of $445 million in the fourth quarter of 2010. However the company said that this would have no impact on its guidance for Core earnings per share.
By 14:45 shares in AstraZeneca were up 0.32 per cent on the FTSE 100 to 2,947.00 pence per share.
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