AstraZeneca boss urges western drugmakers to move at ‘Chinese speed’
Europe and US risk being outpaced on innovation, as happened in the car industry, warns Pascal SoriotAstraZeneca must operate at “Chinese speed” to ensure it doesn’t suffer the fate of the western automotive industry by losing out to more innovative rivals, the drug company’s boss has said.The FTSE 100 company is watching the rise of China’s pharmaceutical industry closely and collaborating to take drugs to global markets, but its chief executive, Pascal Soriot, said the US and European pharmaceutical sector must focus on increasing the speed of innovation.
Reported by 1 outlet — The Guardian US. See all sources ↓
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Why it matters
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- What's the story?
- Europe and US risk being outpaced on innovation, as happened in the car industry, warns Pascal SoriotAstraZeneca must operate at “Chinese speed” to ensure it doesn’t suffer the fate of the western automotive industry by losing out to more innovative rivals, the drug company’s boss has said.The FTSE 100 company is watching the rise of China’s pharmaceutical industry closely and collaborating to take drugs to global markets, but its chief executive, Pascal Soriot, said the US and European pharmaceutical sector must focus on increasing the speed of innovation.
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- 1 outlet, average source rating 8.0/10.
- When was it last updated?
- 10m ago.
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AstraZeneca boss urges western drugmakers to move at ‘Chinese speed’
Sources1TypeCoverageThe Guardian US