Astra's Increased Investment in Research and Development to Benefit Boston Area.BOSTON--(BUSINESS WIRE)--Sept. 2, 1997--Astra AB (NYSE NYSE See: New York Stock Exchange : A and AAB AAB ABN Amro Bank AAB Association of Applied Biologists (UK) AAB American Association of Bioanalysts AAB Army Air Base AaB Aalborg Boldspilklub (Danish Soccer Club) AAB All-to-All Broadcast ), the international pharmaceutical company headquartered in Sweden, will build a major research facility in Waltham as part of a comprehensive plan to increase its research and development capabilities, the company announced today. The company also said it would be relocating its Astra Arcus research facility from Rochester to the Boston area. The company said the Boston area's strong research infrastructure was a major determinate DETERMINATE. That which is ascertained; what is particularly designated; as, if I sell you my horse Napoleon, the article sold is here determined. This is very different from a contract by which I would have sold you a horse, without a particular designation of any horse. 1 Bouv. Inst. n. 947, 950. in its decisions. Astra also has a manufacturing and marketing subsidiary, Astra USA, in Westborough, Mass. The Waltham facility will house the Astra Research Center Boston, which focuses on developing drugs and vaccines against Helicobacter pylori Helicobacter pylori A gramnegative rod-shaped bacterium that lives in the tissues of the stomach and causes inflammation of the stomach lining. Mentioned in: Indigestion, Ulcers Helicobacter pylori , the bacteria that causes ulcers and other gatrointestinal disorders. Astra Arcus USA, which investigates diseases of the central nervous system, will relocate to the Boston area, with Waltham being one possible location. A final decision will be made over the next several months. Today's announcement by Astra mapped out an expansion and refocusing Noun 1. refocusing - focusing again focalisation, focalization, focusing - the act of bringing into focus of the company's research capabilities in Sweden, the United Kingdom, and the U.S. The company will be constructing an entirely new research facility for the Astra Pain Control research unit in Sodertalje, Sweden, as well as refocusing some of its other Swedish research units. The company will also expand its research laboratories at Astra Charnwood in the U.K. Astra's research and development is concentrated in five major therapy areas: gastrointestinal, respiratory, cardiovascular, pain control, and central nervous system. The Astra Research Center Boston, currently located in Newton, was established in 1995 and is part of the company's Astra Hassle unit. The Rochester facility that will be relocated to the Boston area was acquired by Astra from Fisons in May 1995. Astra AB Astra AB is a former international pharmaceutical company based in Södertälje, Sweden. Astra was formed in 1913 and merged with the British Zeneca Group in 1999 to form AstraZeneca. employs approximately 20,000 people in over 40 countries. Its 1996 revenues were approximately $6 billion. The company's shares are listed on the Stockholm, London, and New York stock exchanges New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . CONTACT: Astra AB, Boston Press: Ben Kincannon, 508/836-8485 Investor: Jorgen Winroth, 609/896-4148 |
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