AstraZeneca CEO hails NHS drug price deal but keeps pause on £200m UK investment
#AstraZeneca #Pascal Soriot #NHS #Drug Pricing #Cambridge #Pharmaceuticals #Life Sciences #UK Investment
📌 Key Takeaways
- AstraZeneca CEO Pascal Soriot welcomed the new NHS drug pricing deal but refused to unfreeze a £200 million investment in Cambridge.
- The planned expansion remains on hold due to high government levies on branded medicine sales and the overall financial climate.
- The pharmaceutical giant cited the slow pace of UK clinical trials and drug adoption as ongoing barriers to domestic growth.
- The investment freeze poses a challenge to the UK government's goal of becoming a global 'science superpower'.
📖 Full Retelling
🏷️ Themes
Business, Healthcare, Politics
📚 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.
Cambridge
City and district in Cambridgeshire, England
Cambridge ( KAYM-brij) is a city and non-metropolitan district in the county of Cambridgeshire, England. It is the county town of Cambridgeshire and is located on the River Cam, 55 miles (89 km) north of London. As of the 2021 United Kingdom census, the population of the City of Cambridge was 145,7...
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:
- 🏢 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