NEW YORK, NY - MAY 05: People walk past the Pfizer logo on their world headquarters in Manhattan on May 5, 2014 in New York City. Pfizer, the Global pharmaceutical company, reported Monday that total first-quarter revenue fell 9 percent to $11.35 billion, a 9% drop over the prior-year period. Spencer Platt/Getty Images/AFP== FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
LONDON: US drugmaker Pfizer fought back against criticism that its planned takeover of rival AstraZeneca would damage Britain’s science base by saying strong UK research was a key reason for the deal.
Given its record of big job cuts after past acquisitions, the US group has come under fire in Britain, the United States and Sweden as it weighs its next move to buy AstraZeneca.
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