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AstraZeneca Needs To Replenish Drug Pipeline - Chairman

By Marta Falconi ZURICH--AstraZeneca PLC (AZN) aims to replenish its thin pipeline of new drugs through external collaborations and by buying drugs in late stages of development from other drugmakers, Chairman Leif Johansson said in an interview Tuesday. His comments come after the company announced it appointed former Roche head of pharma, Pascal Soriot, as chief executive, to succeed David Brennan, who earlier this year retired abruptly amid shareholder dissatisfaction with the company's performance. "There's a number of medicines going off patent," Mr. Johansson said. "We need to replenish them." The U.K.'s No. 2 drug maker by sales, after GlaxoSmithKline PLC (GSK), has suffered a number of expensive drug-development failures, and shown a poor track record in bringing new medicines to market, analysts say. Some of AstraZeneca's biggest drugs are facing, or will soon face, competition from low-cost generics. Mr. Johansson also said that while the pharmaceutical sector is facing challenges, there are also opportunities, such as the possibility of buying buy late-stage drugs, emerging markets and advances in science, including genome technology, which he touted as a way to learn how the human body works and possibly help find new drugs. Write to Marta Falconi at marta.falconi@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Glaxosmithkline (GSK)
DateTimeHeadline
08/30/201611:21:06Report of Foreign Issuer (6-k)
08/23/201611:43:29Report of Foreign Issuer (6-k)
08/16/201612:25:24Report of Foreign Issuer (6-k)
08/16/201611:12:49Report of Foreign Issuer (6-k)
08/16/201608:55:00ViiV Healthcare Launches Phase III Programme Evaluating a Two-drug...
08/16/201608:55:00ViiV Healthcare Launches Phase III Programme Evaluating a Two-drug...
08/12/201613:09:46Report of Foreign Issuer (6-k)
08/10/201611:55:03Report of Foreign Issuer (6-k)
08/09/201613:25:04Report of Foreign Issuer (6-k)
08/05/201611:00:00GSK unveils campaign to help prevent meningitis
08/04/201613:21:27Report of Foreign Issuer (6-k)
08/02/201603:04:00Pfizer To Acquire Gene-Tech Company -- WSJ
08/02/201603:03:00Alphabet, Glaxo Team Up On 'Bioelectronic' Medicines -- WSJ
08/01/201613:31:20Report of Foreign Issuer (6-k)
08/01/201613:08:50Report of Foreign Issuer (6-k)
08/01/201612:10:00Pfizer to Buy Gene Therapy Company Bamboo Therapeutics
08/01/201611:50:00Pfizer to Buy Gene Therapy Company Bamboo Therapeutics
08/01/201609:17:28Report of Foreign Issuer (6-k)
08/01/201604:54:00Glaxo, Alphabet Plan $700 Million Bioelectric Treatment Venture...
08/01/201604:50:00Glaxo, Alphabet Plan $700 Million Bioelectric Treatment Venture

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