Cancer Programs Critical For 'New AstraZeneca' As Price Pressure, Regulatory Changes Loom In 2017

CEO discussed oncology programs crucial to AstraZeneca’s future and was upbeat on US pricing pressure and Brexit as he insisted the company was "rapidly approaching a return to growth."

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"A new AstraZeneca is emerging from behind the patent expiries," CEO Pascal Soriot declared as the company reported an expected tough fourth quarter and full year 2016. "There's a bit of Crestor [revenue] still to lose, but the second half will be an easier comparison," he noted.

The company will meet its ambitious $40bn annual revenue target by 2023, Soriot insisted, but acknowledged that the "inflection point"...

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