AstraZeneca said it is in China ‘for the long haul’ and outlined billions of pounds of investment in the US – but a new vaccine factory in the UK hangs in the balance. The pharma giant’s chief executive Pascal Soriot threw his weight behind its Chinese business yesterday. The commitment to China and the US came as AstraZeneca said it was locked in talks with ministers about whether it will go ahead to build a £450million vaccine factory in Liverpool. AstraZeneca also remained committed to China, where it is the country’s largest pharmaceutical firm employing around 18,000 staff. Last week AstraZeneca revealed that the head of its China business, Leon Wang, had been detained by authorities in the city of Shenzhen.

Source: Daily Mail November 12, 2024 22:18 UTC