Monday, September 17, 2007

AstraZeneca to stop making drugs

AstraZeneca, Britain’s second-largest pharmaceutical company, is planning to outsource all its drug manufacturing activities within ten years.

David Smith, AstraZeneca’s executive vice-president of operations, said that the company aimed to become a pure research, development and marketing organisation.

“Manufacturing for AstraZeneca is not a core activity,” Mr Smith said. “AstraZeneca is about innovation and brand-building . . . There are lots of people and organisations that can manufacture better than we can.”

More at The Times .


But Insider would suggest that, given your recent track record with Exanta and Crestor (to name but two), you're not that hot at innovation or brand-building either!

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