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AstraZeneca closes in on site for new home in Cambridge

LONDON (Reuters) - AstraZeneca is closing in on a site for its new $500 million home in Cambridge, with a biomedical park just south of the English city the most likely site, property industry sources said. Full story

AstraZeneca's new strategy gets thumbs down from S&P

LONDON (Reuters) - Standard & Poor's cut its credit outlook for AstraZeneca <AZN.L> to negative from stable on Monday in response to a major strategy update by the drugmaker's new chief executive last month. Full story

AstraZeneca suffers fresh drug patent setback in U.S

LONDON (Reuters) - AstraZeneca has suffered a fresh patent setback with a U.S. court decision that a patent protecting its Pulmicort Repsules asthma treatment is invalid, clearing the way for a generic copy from Actavis. Full story

Mixed Session For Generic Drugmakers

   CNBC's Seema Mody reports the latest from the Nasdaq: Drug makers Actavis and Astrazeneca reach an agreement to launch a Crestor generic in 2016.

AstraZeneca CEO says exploring biosimilars market

LONDON (Reuters) - AstraZeneca is evaluating whether to enter the so-called biosimilars market, its new CEO Pascal Soriot said on Thursday. Full story

AstraZeneca to axe 1,600 jobs in major R&D overhaul

LONDON (Reuters) - AstraZeneca <AZN.L> is to cut around 1,600 jobs as it overhauls it research operations and consolidates drug development work in three major centers. Full story

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Related Photos

The CEO of AstraZeneca, Pascal Soriot, is seen posing for a photograph in this undated picture provided by AstraZeneca in London
The CEO of AstraZeneca, Pascal Soriot, is seen posing for a photograph in this undated picture provided by AstraZeneca in London

The Chief Executive Officer of AstraZeneca, Pascal Soriot, is seen posing for a photograph in this undated picture provided by AstraZeneca in London on March 12, 2013. REUTERS/Marcus Lyon/AstraZeneca/Handout

Chief Executive Officer of AstraZeneca Pascal Soriot poses for a photograph in this undated picture provided by AstraZeneca in London
Chief Executive Officer of AstraZeneca Pascal Soriot poses for a photograph in this undated picture provided by AstraZeneca in London

Chief Executive Officer of AstraZeneca Pascal Soriot poses for a photograph in this undated picture provided by AstraZeneca in London on March 12, 2013. REUTERS/Marcus Lyon/AstraZeneca/Handout/Files

CEO of AstraZeneca, Pascal Soriot, poses for a photograph in this undated picture provided by AstraZeneca in London
CEO of AstraZeneca, Pascal Soriot, poses for a photograph in this undated picture provided by AstraZeneca in London

Chief Executive Officer of AstraZeneca, Pascal Soriot, poses for a photograph in this undated picture provided by AstraZeneca in London on March 12, 2013. REUTERS/Marcus Lyon/AstraZeneca/Handout/Files