When Pascal Soriot took the reins of AstraZeneca last fall, he said he planned to corral firms with promising innovations in their pipeline to reinvigorate the Anglo-Swedish pharma’s offerings.
And so he has – to the tune of more than $1 billion.
Since the former chief operating officer of Roche AG was named CEO on Oct. 1, 2012, the firm has made five acquisitions, five collaborations with other pharmas to develop drugs, and entered two licensing deals. Six of the 12 moves are tied to cancer treatment developments, a core focus for the firm, while the remaining are in diabetes and renal, kidney, cardiovascular and respiratory diseases.
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