- PharmAware Blog - http://pharmawareblog.co.uk -
AstraZeneca is to stop research into 10 diseases to cut costs
Posted By admin On 15/03/2010 @ 09:55 am In UK News | No Comments
AstraZeneca is to reduce its staff, shut operations, and cease research into several diseases as part of a wide ranging restructuring, unveiled at the start of March. The company will close some research centres in the United Kingdom, Sweden, and the United States and is set to cut 3500 posts in research and development by 2014. It will stop all future research into 10 diseases, including acid reflux, schizophrenia, and bipolar disorder. It warned that patent expiries in the next few years could put sharp pressure on sales
http://www.bmj.com/cgi/content/full/340/mar08_2/c1365
Article printed from PharmAware Blog: http://pharmawareblog.co.uk
URL to article: http://pharmawareblog.co.uk/2010/03/15/astrazeneca-is-to-stop-research-into-10-diseases-to-cut-costs/
Click here to print.