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AstraZeneca's silence on CEO helps wipe out 3 billion pounds

Reuters  |  LONDON 

By Kate HoltonLONDON (Reuters) - Uncertainty over the future of AstraZeneca Chief Executive Pascal Soriot drove the Anglo-Swedish drugmaker's shares lower again on Friday, taking the cost of two days of silence to more than 3 billion pounds ($3.9 billion).AstraZeneca has repeatedly declined to comment on an Israeli media report on Wednesday that said the well-regarded Soriot was in talks to join Israel's Teva Pharmaceutical Industries, the world's biggest generic drugmaker.AstraZeneca shares closed 3.5 percent lower on Thursday and were down 2.5 percent on Friday at a two-month low after the ...

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First Published: Fri, July 14 2017. 15:40 IST