2w ago

Step up now or lose jobs to US, AstraZeneca boss Pascal Soriot warns Europe

www.thisismoney.co.uk

Step up now or lose jobs to US, Astra boss Pascal Soriot warns Europe

Astrazeneca's boss has warned Europe is falling behind as it steps up investment in the United States.

Pascal Soriot said innovation in pharmaceuticals ‘has mostly been funded by the US’ as he doubled down on plans to grow the business in America – which already accounts for 40 per cent of revenues.

11 comments

he doubled down on plans to grow the business in America
This is a lie. They are shutting down most of their US facilities. My wife just found out her job moved to Canada (without her) and she is unemployed in 2 months.
- It's right there in the title "Astrazeneca's boss has warned Europe is falling behind as it steps up investment in the United States."
  
  Not yet. Unless you want to be pedantic as it's America and not USA.

I thought it was something like 95% of actual pharmaceutical innovation comes from academia, and that most American pharma R&D spending was predominantly on taking the work of others and tweaking it so they can file a patent.
Before someone says clinical trials—every other country manages to do these without the ridiculous amount of money being consumed by the American pharmaceutical industry
Edit: typo

Pascal Soriot said innovation in pharmaceuticals ‘has mostly been funded by the US’
Mr. Dr. Chad here does know that Europe hasn't invested as heavily in that sector because there was no critical need for it, right? Which now has changed.
That's the whole point of stable economic relations like the one we had with the US until now, because there's no point to every country producing everything as if they were alone when they can import whatever they don't have from somewhere else.
Anyways, go and hang out with your fascist buddies if you want, as they continuously implode your whole argument of "US did more" by driving away scientists and other talent, as well as defund several critical health-related research projects.
Meanwhile, we'll do our own thing and slowly but surely make up for lost time and misplaced trust.
Don't let the door hit you on the way out, champ. I hear these days the US isn't the safest place for health/pharma CEO's tho.
- Not to mention being totally unsafe for any immigrant who crosses Trump.

Wow, swinging a big ball across an entire multiple countries..

Great investment climate under famous vaccine proponent RFK.

Astrazeneca's boss has warned Europe is falling behind as it steps up investment in the United States.
Pascal Soriot said innovation in pharmaceuticals ‘has mostly been funded by the US’ as he doubled down on plans to grow the business in America – which already accounts for 40 per cent of revenues.
"Mostly been funded by the US"?
Like not by investorswho deserve a return, but like extortionists who deserve a prison cell while their businesses that can't thrive in a free market get nationalized like the public service they were always meant to be?

11 comments