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AstraZeneca to Cut 1600 Jobs

On March 18, 2013, AstraZeneca (AZ) announced that it will consolidate its Research & Development operations and as a result, 1600 jobs will be lost globally by 2016, with a majority in the U.S. and UK.  AZ plans to invest in research centers in the UK, U.S. and Sweden “to improve pipeline productivity and to establish the company as a global leader in biopharmaceutical innovation.”

AZ’s subsidiary MedImmune’s HQ and the primary location for AstraZeneca’s biologics activities, will be the big U.S. winner as a result of these changes.  Gaithersburg, Maryland will become the center of much of AZ’s U.S.-based global medicines development activities for small and large molecules and will accommodate some global marketing and U.S. specialty-care commercial functions — activities formerly housed in Wilmington.

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