AstraZeneca buys US biotech firm CinCor
show caption
The takeover marks the latest push by AstraZeneca chief executive Pascal Soriot to bolster the Covid vaccine maker's pipeline of new products./AFP
Donate
LONDON, UNITED KINGDOM — Anglo-Swedish pharmaceuticals giant AstraZeneca on Monday agreed to buy US biotech company CinCor for $1.8 billion, expanding further into the field of heart and kidney drugs.
The takeover marks the latest push by Astra chief executive Pascal Soriot to bolster the Covid vaccine maker’s pipeline of new products.
Massachusetts-based CinCor focuses on developing treatments for hypertension and chronic kidney disease.
Since taking the helm at AstraZeneca in 2012, Frenchman Soriot has expanded the company into lucrative cancer therapies.
The group completed a blockbuster takeover of Alexion for $39 billion in 2021, giving it more heft in areas such as treating blood disorders.
- bio
- latest posts
Executives Talk
THEIR LIFE THEIR STORY
EDITOR'S PICK
Most Popular
DAY
-
For die-hard fans, comeback kid Trump can do no wrong - 11 Disruptive Startups Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator Program powered by Startupbootcamp Africa
- Illicit drug deaths in Canada’s British Columbia province reach all-time high
- Kicks, punches and cries of ‘Mom!’: the fatal Memphis police beating
- Transcript: Mayor Eric Adams Delivers Update on NYPD Officers Attacked in Manhattan
- Photo of Texas doctor comforting elderly Covid patient goes viral
WEEK
- Biden invites Americans to sponsor refugees as admissions languish
- Mayor Adams Launches ‘Breaking Bread, Building Bonds’ Citywide To Combat Rising Hate
- Mixed results at P&G as consumers adapt to higher prices
- For die-hard fans, comeback kid Trump can do no wrong
- Mayor Garcetti celebrates $60 million for climate projects in South Los Angeles
- French bakers protest over surging power prices
MONTH
- Five things to watch at CES tech megashow
- Occultist accused of homeless voter scheme in California mayor bid
- Twitter to Label Tweets by Leaders Who Break Its Rules
- Turkey bans import of polymer waste
- Miami, looking to be next crypto hotspot, hosts huge bitcoin event
- To pay or not to pay? The dilemma for ransomware victims
POST YOUR COMMENTS
MAORANDCITIES.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.