AstraZeneca joins life science leaders to support UK's continued membership of the EU

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CEO Pascal Soriot was one of 93 leaders in UK life science who signed a letter published in the Observer newspaper on 8 May declaring that Britain remaining in the EU is better for the sector and better for patients.
 
The letter highlights that the sector supports over 220,000 jobs in the UK and is responsible for spending around £4billion each year in R&D.  Science depends upon international collaboration and exchange and access to EU-funded research and development helps to maintain a strong life sciences ecosystem in the UK that creates jobs and wealth.
 
Another important factor identified in the letter is the well-established and harmonised regulatory approval system, managed by the London based European Medicines Agency, which helps to ensure that patients benefit from medicines more quickly. Additionally, being part of the EU enables the UK to benefit from collective EU negotiations with others like the US, China and Japan, ensuing fair trade for UK companies and open markets around the world.
 
The letter concludes that leaving the EU would bring added complexity and uncertainty for business, whereas remaining in a "reformed and more competitive EU will offer stability and predictability as a platform for even greater success."  The full letter can be viewed here and the Observer article here.
 
As a UK headquartered global company committed to bringing new medicines to patients as quickly as possible, AstraZeneca firmly believes Britain would be better off staying within the EU.  Our public support for remaining in the EU is based upon an analysis of the impact on our business of leaving or remaining. Our support is shared with almost all of the UK’s life sciences companies, representative organisations and many in the research and academic communities.
 
British voters will decide whether the UK should remain a member of the EU in a referendum on June 23. While AstraZeneca is making clear its support for EU Membership, it has not joined and is not financially supporting any political campaign groups supporting remaining in the EU.

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