AstraZeneca PLC’s leaders did their best to convince investors the company’s pipeline has lots of potential during their recent business review, where CEO Pascal Soriot outlined his turn-around plan for the big pharma. After the detailed, day-long overview, the takeaway is that the company’s pipeline does indeed include several interesting assets, particularly in oncology, and is perhaps more robust than some investors have given it credit.
But unearthing the value of the pipeline will take years, not months, and investors may not be willing to stick around to find out how much it’s ultimately worth while the company’s mature commercial products lose billions
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