Business Standard

Thursday, December 19, 2024 | 08:54 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Stuck in Sydney hotel, Astra CEO defended Covid vaccine and made mega deal

AstraZeneca announced Saturday it plans to buy rare-disease specialist Alexion Pharmaceuticals in a $39 billion deal

Pascal Soriot
Premium

Pascal Soriot, CEO of AstraZeneca (Photographer: Simon Dawson/Bloomberg)

Suzi Ring | Bloomberg
Pascal Soriot, the head of AstraZeneca Plc, spent around two weeks in a Sydney hotel room with guards outside the door, stuck in quarantine after entering Australia.
 
During that time, he helped put the finishing touches on a $39 billion acquisition, while also parrying concerns over the much-anticipated Covid-19 vaccine AstraZeneca developed with the University of Oxford. That two such important developments should emerge while he was in confinement shows how crucial this moment is for the drugmaker — and for Soriot's legacy. Not even the chief executive officer of one of Britain’s most valuable companies can escape the pandemic’s

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in