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
🏷️ Themes
Pharmaceuticals, Economy, Healthcare Policy
📚 Related People & Topics
Pascal Soriot
French businessman
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.
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, ...
National Health Service
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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Connections for Pascal Soriot:
- 🌐 Cambridge (1 shared articles)
- 🏢 AstraZeneca (1 shared articles)
- 👤 National Health Service (1 shared articles)
📄 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