Senior Correspondent, London
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Mar 21, 2013

As “telehealth” grows, experts question cost benefits

LONDON (Reuters) – Monitoring patients at home using modern technology, so-called ‘telehealth’, is tipped as the next big thing in healthcare, but a new study by British researchers suggests it may not be worth the extra expense.

The findings will fuel controversy over the economic case for telehealth, which many information technology and telecoms companies are betting on as a multibillion-dollar market opportunity.

Mar 21, 2013

Ailing AstraZeneca to cut one in 10 jobs

LONDON (Reuters) – AstraZeneca’s new chief executive announced another 2,300 job cuts in sales and administration on Thursday as he set out his stall for turning round the struggling drugmaker and returning it to growth.

The latest cutbacks mean the group will shed around a tenth of its workforce, or 5,050 jobs, by 2016 as expiring drug patents shrink sales and it faces generic competition on several top-selling medicines.

Mar 21, 2013

Pared-down AstraZeneca to cut one in 10 jobs

LONDON (Reuters) – AstraZeneca’s (AZN.L: Quote, Profile, Research) new chief executive announced another 2,300 job cuts in sales and administration on Thursday as he set out his stall for turning round the struggling drugmaker and returning it to growth.

The latest cutbacks mean the group will shed around a tenth of its workforce, or 5,050 jobs, by 2016 as sales shrink due to patent expires on several top-selling medicines.

Mar 21, 2013
Mar 21, 2013
Mar 21, 2013

AstraZeneca cuts another 2,300 jobs in sales, admin

LONDON (Reuters) – AstraZeneca’s (AZN.L: Quote, Profile, Research, Stock Buzz) new chief executive announced another 2,300 job cuts in sales and administration on Thursday as he set out his stall for returning the drugmaker to growth.

Pascal Soriot believes his plan to invest in smart deals to bring in new products and make the research more targeted will ultimately deliver new sales, with 2018 revenue expected to “significantly exceed” today’s market consensus of $21.5 billion.

Mar 21, 2013
Mar 18, 2013
Mar 18, 2013

Analysis: Antibiotics crisis prompts rethink on risks, rewards

LONDON (Reuters) – Thirty years ago, when the world faced the terrifying prospect of an untreatable disease known as AIDS, big drugmakers scented an opportunity and raced to develop new medicines.

Today, as the world confronts another crisis, this time one of antibiotic resistance, the industry is doing the opposite. It is cutting research in a field that offers little scope for making money.

Mar 18, 2013

AstraZeneca to axe 1,600 jobs in major R&D overhaul

LONDON (Reuters) – AstraZeneca is to cut around 1,600 jobs as it overhauls research operations and consolidates drug development work in three major centers in Britain, the United States and Sweden.

The move will see the end of drug development at the company’s Alderley Park facility in northwest England, for many years a hub of the group’s research and development (R&D) efforts, the drugmaker said on Monday.

    • About Ben

      "Ben Hirschler is European pharmaceuticals, biotechnology and healthcare correspondent, based in London. Previously, he was in charge of British company news and before that was posted to Johannesburg, covering the economic challenges facing post-apartheid South Africa."
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