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Soriot plots pharma Brexit: Labour's failures have alienated a national champion, says ALEX BRUMMER
['Alex Brummer', 'City Editor']
Money Articles | Mail Online
The ambitions of Pascal Soriot for Anglo-Swedish medicines giant AstraZeneca have no bounds.
Given this shift towards the US, an attempt to pull off a deal with American pharma behemoth Bristol Myers Squibb doesn’t entirely come as a shock.
However, the sense of merging with a lower-valued, less innovative pharma group is highly questionable.
A deal with Bristol Myers, valued at $133.4billion – considerably more than Britain’s other drug giant GlaxoSmithKline at £77billion– would signal American dominance.
But there are questions as to whether healthcare systems in the US and the UK would find such dominance acceptable.