AstraZeneca
AstraZeneca is a multinational pharmaceutical and biopharmaceutical company. It was founded in 1999 through the merger of the Swedish Astra AB and the British Zeneca Group. The company's headquarters are located in Cambridge, United Kingdom.
History[edit | edit source]
Astra AB was founded in 1913 in Södertälje, Sweden, by 400 doctors and apothecaries. In 1993, the British chemicals company ICI demerged its pharmaceuticals businesses and its agrochemicals and specialties businesses, to form Zeneca Group.
In 1999, Astra AB and Zeneca Group announced their intention to merge, with the merger completed later that year, forming AstraZeneca plc. The company has made numerous acquisitions, including Cambridge Antibody Technology in 2006, MedImmune in 2007, and Definiens by MedImmune in 2014.
Products[edit | edit source]
AstraZeneca develops, manufactures and sells pharmaceutical and biopharmaceutical products. Some of its best-known products include the cancer drug Iressa, the asthma drug Pulmicort, the heart disease drug Crestor, and the gastrointestinal drug Nexium.
In 2020, AstraZeneca collaborated with the University of Oxford to develop a COVID-19 vaccine, known as AZD1222 or Vaxzevria.
Research and development[edit | edit source]
AstraZeneca's research and development efforts are focused on three main therapy areas: oncology, cardiovascular & metabolic disease and respiratory, inflammation & autoimmunity. The company is also active in neuroscience and infection.
Controversies[edit | edit source]
AstraZeneca has faced several controversies and legal actions over the years, related to drug safety, pricing and ethical practices.
See also[edit | edit source]
References[edit | edit source]
External links[edit | edit source]
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- Pharmaceutical companies
- Companies listed on the London Stock Exchange
- Companies listed on the New York Stock Exchange
- Companies listed on the Stockholm Stock Exchange
- Multinational companies headquartered in the United Kingdom
- British brands
- Life sciences industry in the United Kingdom
- 1999 establishments in England
- Companies formed by merger
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Contributors: Prab R. Tumpati, MD
