AstraZeneca targets China for technology-based business expansion

By Bruno Reis

The UK-based healthcare company, AstraZeneca, has revealed its plans for expansion in China, Reuters reported.

The pharmaceutical company aims to become a broad healthcare provider in a nation that runs smart cancer diagnostics and incorporates artificial intelligence (AI) with ambulances to increase efficiency.

AstraZeneca currently supplies pharmaceuticals to China as part of its operations, and partnered with China giants, Alibaba and Tencent, in February this year.

The company has more than doubled its sales in the country since 2012, with China now contributing to 18% of its total global revenue.

“Down the line we benefit, our products benefit, because we have better relationships with doctors and hospital managers and also because we diagnose more patients and they get better treated,” Pascal Soriot, CEO of AstraZeneca, informed Reuters.


The firm aims to incorporate innovative technologies in its operations, it revealed at the World Internet of Things Exposition held in Wuxi.

AstraZeneca achieved approval for a drug that treats patients with a genetic mutation that is relatively common in China at record speed last year.

“The government wants to give access to better medicines to more people,” Soriot continued.

“To some extent the economy is growing so there is more money to do that, but there is not enough money ... They have to make room in the budget for innovation.”


Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy