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Pascal Soriot
Chief Executive Officer & Executive Director, AstraZeneca

AstraZeneca CEO Pascal Soriot Delivers Remarks as Firm Celebrates Transfer to NYSE

📅 Jun 05, 2026 New York Stock Exchange 12 MIN 65 VIEWS 13 SEGMENTS · 3 SPEAKERS
AstraZeneca CEO Pascal Soriot joins NYSE Live from the boardroom at the New York Stock Exchange to deliver remarks ahead of ringing the opening Bell

What Pascal Soriot said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Pascal Soriot, CEO of AstraZeneca, spoke at the NYSE to celebrate the company's listing, emphasizing the move to become more American and allow direct share access for US investors, alongside listings in London and Stockholm. He highlighted new products, including Baxfendi for resistant hypertension and camizestrant for breast cancer, which uses a blood test to detect cancer return months early. Soriot stressed the importance of maintaining US leadership in biopharmaceutical innovation, citing fierce competition from China and Europe's decline. He detailed a $50 billion US investment commitment, with 23 sites and about 25,000 employees, including new R&D centers in Gaithersburg and Kendall Square, and manufacturing expansions in Virginia, Maryland, and California. He reiterated the goal of reaching $80 billion in revenue by 2030, with current R&D spending around $14 billion, and noted the company's strong presence in emerging markets and Japan.

Key takeaways

  1. AstraZeneca listed on the NYSE to give US investors direct share access and harmonize listings across New York, London, and Stockholm.
  2. The company committed $50 billion to US investment, including new R&D sites in Gaithersburg and Kendall Square, and manufacturing expansions.
  3. AstraZeneca aims to reach $80 billion in revenue by 2030, with current R&D spending around $14 billion.
  4. Baxfendi, a first-in-class aldosterone synthase inhibitor, targets resistant hypertension, and camizestrant uses a blood test to detect breast cancer recurrence months early.
  5. Soriot warned that US biopharmaceutical innovation leadership faces fierce competition from China, while Europe is falling back.

Numbers and commitments

FigureWhat it refers toTypeAt
$50 billion US investment commitment commitment 5:30
$80 billion Revenue target by 2030 guidance 5:30
$14 billion Annual R&D investment metric 5:30
25,000 US workforce size metric 5:30
23 US sites metric 5:30
3,000 Scientists at Kendall Square R&D site metric 5:30
3,500 Scientists at Gaithersburg R&D site metric 5:30
$4.5 billion Investment in Virginia commitment 5:30
$2 billion Investment in new Maryland plant commitment 5:30
95,000 Total employees (as noted by host) metric 0:51

Chapters

  1. 0:00NYSE listing and US expansion
  2. 0:51New products: Baxfendi and camizestrant
  3. 3:53Harmonized global listing
  4. 4:50Innovation and competition
  5. 5:30US investment details
  6. 10:07Introduction of CFO
Host 0:00 ↗
We are going to boardroom remarks from AstraZeneca. We're sending things down to the boardroom. Let's go to it.
Pascal Soriot 0:10 ↗
Good morning. Good morning. What a day. It's really a pleasure and for me a really great excitement to be here at the New York Stock Exchange. And I'm sure it's a great day of pride for all of us at AstraZeneca. For us as a Swedish-British company originally, to become more American is really so exciting. USA, the land of science and innovation. So, tell us how excited you are to be here today.
Thank you so much for this great introduction and also this great partnership and for studying our numbers, our company so well. I was really interested to hear you say we have 95,000 employees because the first time I hear how many employees we have because it changes all the time. I can get a clear number on our turnover but I can never know exactly how many employees we have. But thank you. Thank you for hosting us here and thank you for being such a great partner and welcoming us here. It really is a fantastic opportunity to launch our company, launch our share here on the New York Stock Exchange and give people in this country access to our company and the growth we offer and the potential opportunities to become a shareholder of this company. I also want to give a special thanks to three of our guests here today. A New Yorker first of all, Natalia Almanza, who will share our story of living with hypertension. We've just launched a product called Baxfendi, a new product, first in class for the patients who have resistant hypertension, patients who tend to have elevated aldosterone. It's an aldosterone synthase inhibitor and this is really going to be a very important product for the treatment of the millions of patients in this country and around the world who suffer from uncontrolled hypertension even though they are on two or three drugs, sometimes four drugs actually. I also want to welcome Dr. Jorge Alina and I hope I pronounce your first name correctly. And thank you so much for participating in our clinical trial and leading the effort to develop Baxfendi. I also want to welcome Dr. Tiffany Trainer who participated in another clinical trial for another of our new medicines called camizestrant for breast cancer. And we are developing with this product not only a new product but also a new way to treat breast cancer. The typical treatment of breast cancer is you treat patients with chemotherapy or some of our new agents and then you wait and you see whether the symptoms return and you treat patients when symptoms return. The way we are, the new algorithm we're introducing is through blood test. We actually try to identify the early return of cancer and we are actually able to identify this months before the symptoms. And as you can imagine, if you can do this, you can retreat and intercept the disease and stop the cancer from progressing. And so we presented data as I was in Chicago with a number of people here in the room this weekend, we presented data there with this new agent. And it's always exciting to be at the American Society of Clinical Oncology. So, thank you for being here.
So, today marks the listing of AstraZeneca on the New York Stock Exchange. We decided to do this because we wanted to become more American for sure and allow American investors to access our shares more directly than ADR. But we also wanted to align our shares across the United States, New York, but also London and Stockholm in Sweden. So that we have a harmonized global listing across the world. And this gives investors not only in this country, but also across the world the opportunity to invest in London, in Stockholm, but also importantly here on the New York Stock Exchange. And our share price has benefited from this.
Host 4:38 ↗
It looks good in premarket.
Pascal Soriot 4:40 ↗
Yes. And in premarket. Yeah. We were actually lighting candles last night hoping that the share price will not go down this morning. Very good this morning.
Host 4:50 ↗
So so far so good. So ringing the opening bell of course is a financial milestone. But it also carries a special significance in healthcare because it is actually a symbol of what we do all the time which is ringing the bell on a new clinical trial. And you know each time you open the envelope you don't know whether this phase three trial is going to be positive or negative. Over the last 3 years we've had a positive phase three trial being a new drug or new indication we have had a positive phase three trial every month for the last three years.

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Cite this transcript

APA, MLA, BibTeX
APA

Soriot, P. (2026, June 5). AstraZeneca CEO Pascal Soriot Delivers Remarks as Firm Celebrates Transfer to NYSE [Interview transcript]. New York Stock Exchange. CEOInterviews.AI. https://ceointerviews.ai/interview/964029/

MLA

Pascal Soriot. "AstraZeneca CEO Pascal Soriot Delivers Remarks as Firm Celebrates Transfer to NYSE." New York Stock Exchange, 5 Jun. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/964029/.

BibTeX
@misc{soriot2026_964029,
  author       = {Pascal Soriot},
  title        = {AstraZeneca CEO Pascal Soriot Delivers Remarks as Firm Celebrates Transfer to NYSE},
  howpublished = {Interview transcript, New York Stock Exchange. CEOInterviews.AI},
  year         = {2026},
  month        = {jun},
  url          = {https://ceointerviews.ai/interview/964029/},
  note         = {Speaker-attributed transcript with timestamps}
}