AstraZeneca's Soriot reportedly moving to top job at Teva

13 July 2017

Anglo-Swedish pharma major AstraZeneca’s (LSE: AZN) chief executive Pascal Soriot is the leading candidate to be the CEO of Israel’s generics giant Teva Pharmaceutical Industries (NYSE: TEVA), according to Israeli newspapers Haaretz and Calcalist.

The reports claim that Mr Soriot has met with Teva's search committee and its chairman and expressed his agreement to serve as the drugmaker’s next CEO.

AstraZeneca's shares were down 4.1% at £49.78 by midday today.

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