AstraZeneca To Continue Collaboration With Shionogi On Crestor
This article was originally published in PharmAsia News
Executive Summary
AstraZeneca CEO David Brennan stated Oct. 8 that the company will keep the same relationship with Japanese pharmaceutical company Shionogi, after Shionogi's purchase of American firm Sciele Pharma. Currently, AstraZeneca and Shionogi are collaborating in marketing hyperlipidemia drug Crestor (rosuvustatin). Brennan also disclosed that the company will keep the current staff level of 3,200 in Japan, amid its effort to cut work force and streamline operations in the U.S. and Europe. Shionogi launched the take over bid for Sciele in September and completed the bid Oct. 6 in an effort to strengthen the company's sales network in the U.S. market. (Click here for more - Japanese language) "AstraZeneca To Continue The Same Relationship With Shionogi - AstraZeneca CEO" - Nikkei Sangyo News (10/8/08)