October 22, 2007 -- As part of its move to begin sourcing its APIs in China, AstraZeneca (NYSE: AZN) announced it would begin purchasing Lactam, a key chemical ingredient used to make Seroquel, its atypical schizophrenia drug, from contract manufacturers in China. Seroquel, which has patent protection until 2011, produced revenues of $3.4 in 2006. AstraZeneca has set a goal for itself to reduce its production expenses by $900 million in three years. More details...
