AstraZeneca sets global strategic center in Shanghai

Multinational pharmaceutical company AstraZeneca said on Monday that Shanghai will be its fifth global strategic center, leveraging on the city's as well as China's market strength and reflecting the confidence of the United Kingdom-based company's development in the country.

Following the four strategic centers in the UK's Cambridge, Boston and Gaithersburg in the United States, and Gothenburg, Sweden, which all focus on research and development, the one in Shanghai will become another global strategic center but integrates R&D, commercial and production operations.

It will also function as an important strategic fulcrum for Astra-Zeneca's global strategy, R&D and long-term development, the company said.