Astrazeneca's boss has warned Europe is falling behind as it steps up investment in the United States.
Pascal Soriot said innovation in pharmaceuticals ‘has mostly been funded by the US’ as he doubled down on plans to grow the business in America – which already accounts for 40 per cent of revenues.
And urging Europe to step up its game, he said AstraZeneca will shift manufacturing across the Atlantic to avoid tariffs on pharma imports planned by Donald Trump.
‘When you see the amount of investment that is going into the US, it really sends a very strong signal that Europe has to contribute to pharmaceutical innovation a lot more,’ said Soriot.
‘Otherwise, all these jobs, whether they are manufacturing jobs or R&D jobs, are going to move to the US over time.’
https://www.thisismoney.co.uk/money/markets/article-14660189/Step-lose-jobs-US-AstraZeneca-boss-Pascal-Soriot-warns-Europe.html
