Deal Spree for AstraZeneca PLC Pretty Much Over as CEO Says "We Have What We Need to Have"

Published: Feb 04, 2016

AstraZeneca Plc pledged to only pursue acquisitions that immediately add to the drugmaker’s bottom line, following a deal spree in the last quarter of 2015.

“We have what we need to have,” Chief Executive Officer Pascal Soriot told journalists Thursday in London, where the company is based. “Any additional acquisitions will have to be immediately accretive and will have to be strategically aligned with what we do. And as you can imagine, there aren’t lots of those.”

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