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Astrazeneca has hired Pfizer's research and development (R&d) chief, Martin Mackay, to take the helm of its own R&d programme.
Pfizer and Astrazeneca are both restructuring their R&d programmes to replenish pipelines and cut costs.
and Astrazeneca, will also design software to make the results useful to researchers and clinicians.
Bristol-myers squibb and Astrazeneca, are teaming up to acquire the biotech firm Amylin, based in San diego, California, for US$5. 3 Â billion (or $7 Â billion with existing contractual obligations).
Amylin will receive $3. 4 Â billion from London-based Astrazeneca, and the two firms will share profits and losses from Amylin s drugs pipeline.
Among companies, Astrazeneca had the most public-private partnerships, including its deal with Sweden s Karolinska Institute to create a US$100-million cardiac-research centre.
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