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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
07/04/201408:07:17EU Approves Glaxo's Mekinist as Melanoma Treatment
07/03/201414:00:19ADR Shares End Higher; NQ Mobile Shares Trade Actively
07/03/201410:52:00EU Approves GlaxoSmithKline and Genmab's Leukemia Treatment
06/30/201417:04:08ADR Shares End Mixed; Philips, America Movil Trade Actively
06/30/201408:58:36Glaxo, Theravance File Asthma Drug Application with FDA
06/25/201406:45:09Glaxo Launches Phase 3 Study Into Eltrombopag Effect on MDS Sufferers
06/24/201422:00:16FDA Orders GSK to Review Its Global Manufacturing
06/24/201421:43:48FDA Orders GSK to Review Its Global Manufacturing -- Report
06/13/201403:52:48Glaxo's Phase III PETIT2 Study Meets Main Objective
06/12/201408:54:32U.S. Hot Stocks: Hot Stocks to Watch
06/11/201408:20:27GlaxoSmithKline Posts Positive Results for Pulmonary Disease...
06/05/201415:21:27GlaxoSmithKline Starts Drug Study Linked to Acute Coronary Syndrome
06/04/201418:00:35GlaxoSmithKline to Pay $105 Million in Multistate Settlement--Update
05/28/201417:00:30ADR Shares End Mixed; Infosys Active
05/28/201413:02:10LONDON MARKETS: FTSE 100 Edges Up; Glaxo Pulls Back On Probe...
05/28/201412:37:12EUROPE MARKETS: European Stocks Tilt Lower; Glaxo Falls On Probe...
05/28/201410:39:14LONDON MARKETS: FTSE 100 Wavers As Glaxo Drops On Probe News
05/27/201419:21:29Glaxo Being Investigated by U.K. Serious Fraud Office -- 3rd...
05/27/201418:30:51Glaxo Being Investigated by U.K. Serious Fraud Office -- 2nd...
05/27/201418:30:07Glaxo Being Investigated by U.K. Serious Fraud Office

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