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pascal soriot

AstraZeneca spends more than twice as much as expected on new HQ

Image Credit: AstraZeneca

AstraZeneca’s new headquarters in Cambridge, United Kingdom are expected to cost more than double the sum of £330 million that the firm budgeted for in 2013.

At a cost of £750 million so far, AstraZeneca’s new donut-shaped HQ is set to become one of the most expensive corporate buildings in the UK.  

According to AstraZeneca, the construction costs associated with the building of the 580,000 metres square headquarters on a biomedical campus south of Cambridge have soared due to “increased investment in new technologies and equipment.”

AstraZeneca’s CEO set for shock switch to Teva

It is no secret that Teva has been on the lookout for a new CEO and they had already been quoted to say that they “looking around the world for the best candidate”, yet its swoop for AstraZeneca’s Pascal Soriot has still come as a shock to the pharma industry.

UK pharma would benefit by remaining in EU, says ABPI

With the EU vote approaching, the Association of the British Pharmaceutical Industry (ABPI) has brought together 93 signatories, including the likes of GSK CEO Andrew Witty, in a letter supporting Britain’s continued membership of the European Union.

Senior figures from across the industry, including the CEOs of GSK, AstraZeneca, UCB Pharma and companies big and small from across the UK, support the letter published in the Observer. Along with the ABPI, the letter was written alongside the BioIndustry Association (BIA).

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