Article: AstraZeneca, GSK Explain Plans To 'Externalize' Work.

West Coast Editor

SAN FRANCISCO - Pharma's growing desperation for viable drugs became ever more clear at the Allicense meeting here, as officials from two major players, AstraZeneca plc and GlaxoSmithKline plc, provided a somewhat more detailed peek than usual into their strategies.

"We know the innovation is sitting in this room," said Johan Hoegstedt, in charge of North American strategic planning and business development for AstraZeneca, adding that it's "no surprise to any of you that we have had some disappointments in late-stage products."

Notable among them is Galida (tesaglitazar), a dual-acting oral peroxisome proliferator-activated ...

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