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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

AstraZeneca overtakes Pfizer as crunch week for UK pharma looms

A company logo is seen at the AstraZeneca site in Macclesfield
AstraZeneca is currently the largest company listed on the London Stock Exchange. Photograph: Phil Noble/Reuters

Nearly a decade after AstraZeneca fended off a hostile takeover approach from US rival Pfizer, the British drug firm has overtaken the Viagra maker in terms of market value, marking a significant moment in its turnaround – and for UK plc.

In a week when AstraZeneca and Britain’s second-biggest pharma firm GSK release their latest quarterly results and the main industry body, the Association of the British Pharmaceutical Industry holds its annual conference, all eyes will be on what pharma executives say about the UK as a place to operate and invest in.

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