AstraZeneca PLC’s CEO Pascal Soriot and his executive team have begun executing on a meticulous plan to revamp the Big Pharma’s R&D. But it is new assets the company needs most if it is to convince investors to stick around as $10 billion in revenue is lost to patent expiries over the next few years. AstraZeneca’s ability to add medically important drugs, particularly products close to regulatory filing, through licensing and acquisitions could ultimately determine the company’s staying power.
Soriot knows it too. He has made business development a top priority, and plans to ramp up activity in 2013...
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