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CBI comments on proposed takeover of AstraZeneca by Pfizer…

Submitted by on May 7, 2014 – 7:43 am |

john cridland cbiThe CBI today commented on a proposed takeover of AstraZeneca by Pfizer.

John Cridland, CBI Director-General, said:

“The most important issue for British business with this proposed takeover is the strength of the UK scientific research base of which pharma is a critical part.

“Open markets are an asset for the UK and the CBI does not support protectionism.

“This offer is primarily a decision for the board and shareholders of AstraZeneca.

“If a proposed takeover proceeds, it would be vital for the UK Government to receive assurances about the maintenance of research activity in the UK which sustain over time.”

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