--- title: "AstraZeneca CEO praises China's pharmaceutical innovation potential, stating: Europe is being surpassed" type: "News" locale: "en" url: "https://longbridge.com/en/news/233311280.md" description: "AstraZeneca CEO Pascal Soriot stated at the Boao Forum for Asia that Europe is rapidly losing its advantage over China in pharmaceutical innovation, and that China will become a major driver of industry innovation in the next five to ten years. He praised the Chinese government's support for the company's new research center and pointed out that, in the context of current tensions in US-China relations, companies need to align with the Trump administration" datetime: "2025-03-26T15:02:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/233311280.md) - [en](https://longbridge.com/en/news/233311280.md) - [zh-HK](https://longbridge.com/zh-HK/news/233311280.md) generator: "portal-rs" --- # AstraZeneca CEO praises China's pharmaceutical innovation potential, stating: Europe is being surpassed Astrazeneca CEO Pascal Soriot warned that Europe is rapidly losing its advantage over China in pharmaceutical innovation. "Today, the two major innovators in our industry are the United States and China," Soriot said during the Boao Forum for Asia held in Hainan. "I believe that in the next five to ten years, China will become the real driving force of innovation in our industry." Soriot has long been optimistic about China's innovation potential, but the timing of his remarks is noteworthy, as U.S.-China relations are increasingly tense, and companies are trying to align with the Trump administration. Soriot praised the Chinese government for its support of the company's investment in new research centers. He stated, "China is absolutely open to us." ### Related Stocks - [AZN.US](https://longbridge.com/en/quote/AZN.US.md) ## Related News & Research - [Cramer's lightning round: 'I am not going to put my money on AstraZeneca'](https://longbridge.com/en/news/298373941.md) - [Health Rounds: AstraZeneca drug reduces lung disease flare-ups in late-stage trials](https://longbridge.com/en/news/298355260.md) - [4,000 Shares in Ligand Pharmaceuticals Incorporated $LGND Acquired by JW Asset Management LLC](https://longbridge.com/en/news/298374596.md) - [HB Wealth Management LLC Invests $4.90 Million in Astrazeneca Plc $AZN](https://longbridge.com/en/news/298284395.md) - [Jim Cramer: Reliance Is ‘Terrific,’ but He Prefers This Steel Stock](https://longbridge.com/en/news/298463194.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**