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Brennan’s Departure Not Expected To Disrupt Current Business Development Strategy At AstraZeneca

With the longtime CEO stepping down as of June 1, his successor will assume the challenge of handling generic challengers to several mature blockbuster products and the slow launch of Brilinta. The current business-development strategy, as reflected in a recent partnership and acquisition, is expected to stay in place for now.

April 23-27 was the week of the changing narrative for AstraZeneca PLC, as the pipeline- and patent expiration-challenged company inked a pair of mid-sized deals – a bolt-on acquisition and a marketing alliance for a struggling, recently launched cardiology drug – unveiled poor first-quarter financial performance and announced the resignation of CEO David Brennan. Otherwise, it was business-as-usual at the multinational, cardiovascular therapy-focused pharma.

Following on the heels of several late-stage drug-development setbacks in recent months, a looming patent cliff that threatens several of...

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