AstraZeneca CEO Pascal Soriot: 'The pharmaceutical industry in Europe will be reduced to a shadow of itself within 15 years'
AstraZeneca CEO Pascal Soriot: 'The pharmaceutical industry in Europe will be reduced to a shadow of itself within 15 years'
www.lemonde.fr
AstraZeneca CEO Pascal Soriot: 'The pharmaceutical industry in Europe will be reduced to a shadow of itself within 15 years'

Soriot points out that Europe now faces a double threat. On one hand, major pharmaceutical companies are investing heavily in the United States to avoid their products being heavily taxed by the Trump administration. On the other, China is already a leader in generics and has become a formidable competitor in innovative medicines.