AstraZeneca welcomes Pfizer climbdown in takeover fight

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AstraZeneca welcomes Pfizer climbdown in takeover fight

AstraZeneca welcomed Pfizer's decision to abandon an attempt to buy the British drugmaker, which AstraZeneca said would allow it to focus on its growth as a standalone business. "We note Pfizer's confirmation that it no longer intends to make an offer for AstraZeneca. We welcome the opportunity to continue building on the momentum we have already demonstrated as an independent company," AstraZeneca Chairman Leif Johansson said in a statement on Monday.

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