AstraZeneca links with Alibaba and Tencent in China push - (London South East via NewsPoints Desk)

  • AstraZeneca is partnering with Chinese tech firms Alibaba and Tencent in an effort to expand its presence in the country, as reported London South East Friday.

  • China is currently AstraZeneca's second-largest market after the US, accounting for 15 percent for the drugmaker's sales.

  • AstraZeneca CEO Pascal Soriot noted that the company's Chinese revenue rose by 30 percent in the prior quarter, while sales are projected to increase at a "low-20s" percentage rate.

  • "Overall, these agreements will drive better health outcomes and...better utilisation of our drugs," Soriot commented.

  • FirstWord Reports: Providing insight, analysis and expert opinion on important Pharma trends and challenging issues <Click here>

To read more NewsPoints articles, click here.

Reference Articles