U.S. pharmaceutical group Pfizer Inc has told Prime Minister David Cameron it will retain British jobs and a planned scientific research hub in Cambridge if it succeeds in its bid to take over rival AstraZeneca . Pfizer laid out a number of pledges in a letter to Cameron, including establishing the combined company's corporate and tax residence in England and completing a substantial R&D innovation hub in Cambridge, eastern England.Pfizer also vowed that 20 percent of the combined company's total R&D workforce would be in Britain if the deal goes ahead."We would like to assure the government of our long term commitment to the UK where Pfizer already employs a significant number of colleagues across Research, Commercial, and Administrative roles," the company said on Friday.
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE fell by 0.42% or $-0.13/share to $31.15. In the past year, the shares have traded as low as $27.12 and as high as $32.96. On average, 29318400 shares of PFE exchange hands on a given day and today's volume is recorded at 41507996.
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