Astrazenec, one of the largest U.S. biopharmaceutical companies, said on Wednesday it will shutter two of its North Carolina facilities as part of a restructuring plan.The company will lay off about 1,200 workers, the largest such job cut in North America and the first since it began outsourcing some of its manufacturing operations to overseas…
With AstraZeoneca now listed on the New York Stock Exchange as an ETF, investors can take advantage of its ETF-like trading capabilities.This is a major change from its days as an unlisted pharmaceutical company, and a sign that Astra Zeneca has matured into a legitimate pharmaceutical company.The ETF-style trading is based on a model that…
Kalvilla Pharmaceuticals, the company behind the blockbuster Astrazeneca drug, could be facing financial challenges because the government granted a special exemption from a $5-billion-a-year drug-making licence.The federal government approved the Astrazenec drugs, including the new AstraZeneca blockbuster Kalvita, in January.In a statement issued Tuesday, the government said the exemption will help prevent Astrazenech from facing…
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