AstraZeneca boss urges western drugmakers to move at ‘Chinese speed’
The News
AstraZeneca CEO Pascal Soriot warned that western drugmakers must innovate at 'Chinese speed' to avoid being outpaced, drawing a parallel to the decline of the western automotive industry. He emphasized that Europe and the US risk falling behind in pharmaceutical innovation as China's industry rises. The company is closely monitoring this trend, highlighting the growing competitive pressure from Chinese pharmaceutical firms.
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Europe and US risk being outpaced on innovation
Pascal Soriot, CEO of AstraZeneca, warned that Europe and the US risk being outpaced on innovation.
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Key findings
Pascal Soriot, CEO of AstraZeneca, warned that Europe and the US risk being outpaced on innovation.
The Guardian- Europe and US risk being outpaced on innovation
- Parallel to the western automotive industry losing out to rivals
Plain English
Loaded language removed<p>Europe and US risk being outpaced on innovation, as happened in the car industry, warns Pascal Soriot</p><p>AstraZeneca 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.</p><p>The FTSE 100 company is watching the rise of China’s pharmaceutical industry closely and…
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Claims
Pascal Soriot, CEO of AstraZeneca, warned that Europe and the US risk being outpaced on innovation.
The GuardianThe western automotive industry lost out to more innovative rivals according to Soriot.
The GuardianAstraZeneca is closely watching the rise of China's pharmaceutical industry.
The Guardian