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The war over drugs: what’s at stake?

Coulter, Steve (2014) The war over drugs: what’s at stake? LSE New European Trade Unions (03 Jun 2014). Website.

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The takeover tussle between rival drug giants Pfizer and AstraZeneca has uncovered some interesting truths about government and corporate policies on taxes and R&D funding. Of course, the shadow of Pfizer still looms over UK-based AstraZeneca, with continuing speculation that the US-headquartered Viagra manufacturer will revive its bid later this year. Both firms face imminent ‘patent-cliffs’ as profitable older drugs near the end of their patent protection. Pfizer’s strategy, backed by the Economist, is to acquire new drug products through acquisition. AstraZeneca is a particularly attractive target because the UK’s corporation tax rate is 20% compared to 40% in the US, allowing Pfizer to shift its headquarters to the lower-tax jurisdiction. But some UK politicians worry about job losses among UK research staff if the merger goes ahead – although AstraZeneca’s research activities are already highly de-centralised.

Item Type: Online resource (Website)
Official URL:
Additional Information: © 2014 The Author(s)
Divisions: European Institute
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
J Political Science > JC Political theory
J Political Science > JN Political institutions (Europe)
Q Science > QR Microbiology > QR180 Immunology
Q Science > QR Microbiology > QR355 Virology
R Medicine > RM Therapeutics. Pharmacology
R Medicine > RS Pharmacy and materia medica
Date Deposited: 01 Jun 2017 14:04
Last Modified: 16 May 2024 07:41

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