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AstraZeneca PLC (AZN) To Shed Around 5,000 Jobs By 2016


4/24/2014 8:38:01 AM

AstraZeneca is axing jobs but others are hiring too! Check it out! (Isn't it tempting?)

AstraZeneca, the British drugs giant, would not be drawn on Thursday over reports it faces a mega takeover bid from US rival Pfizer, alongside news that its profits had halved. But AstraZenenca chief executive Pascal Soriot said the company was on the look out for deals amid a shake-up of the pharmaceutical sector. Despite profits tumbling in the first quarter, hit by generic competition following the loss of exclusivity for key drugs, AstraZeneca's share price surged on Thursday on signs that it had turned a corner amid a restructuring programme.

Don't forget, hundreds of biopharma companies are hiring! (We know you can't resist.)


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