When Mene Pangalos first joined AstraZeneca PLC as head of its Innovative Medicines and Early Development Biotech Unit in 2010 he was charged with turning around a pipeline that had become a byword for unproductivity. He embarked upon a root and branch reform of R&D that has now produced a pipeline viewed by some analysts as one of the most exciting in the industry. And what's more, he's spending less money.
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