Revamping AstraZeneca, Soriot Calls For Focus And Speedier Innovation

AstraZeneca will accelerate development of several mid-stage assets into Phase III and turn aggressively to business development under CEO Pascal Soriot’s strategy to transform the company, even as it shores up its P&L with more job cuts.

AstraZeneca PLC's new chief executive is working hard to convince investors and remaining staff that the troubled drug maker can turn its fortunes around. But it promises to be a long haul.

CEO Pascal Soriot’s strategy envisions the U.K.-based group emerging from the shadows of its patent cliff as a pure-play pharmaceutical innovator with a focus on three core therapeutic areas and an increased emphasis on specialty markets

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Pink Sheet for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from United Kingdom

More from Europe