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AZ Restructures, To Build New HQ

1,600 jobs to go, R&D to center in three locations

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By: Tim Wright

Editor-in-Chief, Contract Pharma

AstraZeneca will engage in a new restructuring plan, shedding 1,600 employees and relocating another 2,500 as it reorganizes its R&D structure and reduces its marketing staff over the next three years.   Once the plan is enacted, AZ’s small molecule and biologics R&D activities will be concentrated in three strategic centers: Cambridge, UK; Gaithersburg, MD; and Mölndal, Sweden. The locations were chosen due to their proximity to bioscience clusters, “making it easier to acce...

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