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AstraZeneca CEO hails NHS drug price deal but keeps pause on £200m UK investment
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AstraZeneca CEO hails NHS drug price deal but keeps pause on £200m UK investment

#AstraZeneca #Pascal Soriot #NHS #Drug Pricing #Cambridge Investment #Life Sciences #UK Government

📌 Key Takeaways

  • AstraZeneca CEO Pascal Soriot welcomed the new NHS drug pricing deal but refused to resume a £200m investment.
  • The paused investment was intended for the expansion of the company's research and development hub in Cambridge.
  • Soriot cited global competitiveness and structural industrial issues as reasons for the continued investment freeze.
  • The decision highlights ongoing tensions between the UK government's cost-saving measures and the pharmaceutical industry's growth targets.

📖 Full Retelling

AstraZeneca Chief Executive Pascal Soriot announced during a media briefing in London on February 10, 2026, that while he welcomes the UK government's recent drug pricing agreement, the company will maintain its pause on a planned £200 million investment in its Cambridge expansion due to ongoing concerns over the UK's industrial competitiveness. The decision follows a period of tension between the pharmaceutical industry and the National Health Service (NHS) regarding the Voluntary Scheme for Branded Medicines Pricing, Access, and Growth (VPAG). Soriot indicated that while the new pricing deal is a step in the right direction, it is currently insufficient to justify the immediate revival of the major infrastructure project. The investment freeze centers on a proposed state-of-the-art expansion of AstraZeneca’s global research and development headquarters in Cambridge. Soriot emphasized that the British pharmaceutical landscape still faces significant challenges compared to international markets, particularly the United States. He noted that for the UK to become a truly attractive destination for high-level manufacturing and clinical trials, the government must go beyond pricing adjustments and address broader structural issues, including research incentives and the speed of regulatory approvals within the NHS framework. Industry analysts view this move as a strategic signal to the UK government, suggesting that the life sciences sector requires more than just fiscal concessions to remain committed to British soil. AstraZeneca, which remains the UK's most valuable pharmaceutical firm, has been increasingly vocal about the disparity in investment returns between the UK and more lucrative markets abroad. While the CEO praised the collaborative spirit of the recent negotiations, the continued suspension of the £200 million injection serves as a reminder of the delicate balance the government must strike between controlling drug costs and fostering a robust domestic biotech ecosystem.

🏷️ Themes

Pharmaceuticals, Economy, Healthcare Policy

📚 Related People & Topics

Pascal Soriot

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Sir Pascal Claude Roland Soriot (born 23 May 1959) is a French-born Australian businessman and chief executive of the British-Swedish multinational pharmaceutical and biotechnology company AstraZeneca.

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AstraZeneca

AstraZeneca

British-Swedish pharmaceutical company

AstraZeneca plc () (AZ) is a Swedish-British multinational pharmaceutical and biotechnology company with its headquarters at the Cambridge Biomedical Campus in Cambridge, UK. It has a portfolio of products for major diseases in areas including oncology, cardiovascular, gastrointestinal, infection, ...

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National Health Service

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Publicly-funded healthcare systems in the United Kingdom

The National Health Service (NHS) is the collective term for the four separate publicly funded healthcare systems of the United Kingdom: the National Health Service (England), NHS Scotland, NHS Wales, and Health and Social Care (Northern Ireland) which was created separately and is often referred to...

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📄 Original Source Content
<p>Pascal Soriot suggests UK-US agreement will not be enough to revive plan to expand Cambridge site</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/feb/10/global-stocks-record-highs-bp-annual-profits-slump-us-retail-sales-live-news-updates">Business live – latest updates</a></p></li></ul><p>The boss of Britain’s biggest pharmaceutical company has said the government’s recent drug pricing deal is a “very posi

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