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AstraZeneca slumps on report CEO is heading to Teva

Friday, July 14, 2017 - 05:50

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Moving to a generic drugmaker, albeit the world's largest, would be a big change in direction for French-born Mr Soriot, 58.

London

SHARES in AstraZeneca fell more than 5 per cent on Thursday after the company declined to deny a media report that chief executive Pascal Soriot was about to defect to Israel-based Teva Pharmaceutical Industries.

Mr Soriot, who has led the Anglo- Swedish company since 2012,

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