AstraZeneca PLC (AZN) Claims Neuroscience Shake-Up is Paying Off ; May Advance at Least 8 Drugs to Final Tests by 2015
7/13/2012 8:07:23 AM
AstraZeneca says that its move to cut its 800-900 neuroscience staff and adopt a virtual external research unit of about 40 scientists is already bearing fruit.
AstraZeneca Plc (AZN) aims to advance at least eight medicines into late-stage tests within three years, one of its top research and development executives said today. “We’ve set our R&D organization a goal of delivering eight to 11 Phase 3 projects,” Menelas N. Pangalos, executive vice president of the company’s Innovative Medicine Research Units, told reporters at a briefing in London. “That’s more than we’ve ever done and that’s going to make us more competitive in terms of our peer group,” Pangalos said.
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