Monday 21 October 2019

AstraZeneca halts UK investments due to Brexit uncertainties - Le Monde

AstraZeneca stock
AstraZeneca stock
Independent.ie Business Desk

Independent.ie Business Desk

AstraZeneca has suspended investments in Britain due to the lack of clarity over the country's departure from the European Union, the pharmaceutical firm's non-executive chairman Leif Johansson told France's Le Monde newspaper.

"If a transition deal does not make clear what will happen in the future, we will maintain our decision not to invest," Le Monde quoted Johansson as saying in an interview published on Monday.

The company has already spent £40m stockpiling medicines in Britain and continental Europe to prevent supply disruptions if the two sides fail to reach a withdrawal agreement.

Some pharmaceutical companies including AstraZeneca have warned of medicine shortages in the event of a 'no deal' Brexit.

Reuters

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