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AstraZeneca Buys China Generic Drug Firm; Announces US Layoffs

publication date: Dec 8, 2011
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AstraZeneca announced it will increase its China presence by acquiring Guangdong BeiKang Pharmaceutical, a drug maker with five generic injectible anti-infective products. The purchase price for BeiKang, a privately held company, was not disclosed. At the same time, AstraZeneca is laying off 1,150 members of its US-based sales force. More details....

Stock Symbol: (NYSE: AZN)     Share this with colleagues:  

 


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