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AstraZeneca forges $100 million industry-academia deal

AstraZeneca PLC and Karolinska Development AB plan to establish an integrated cardiovascular and metabolic disease center
Written byJeffrey Bouley
| 2 min read

STOCKHOLM, Sweden—Stockholm-Uppsala Life Science believesthat there are clear indicators that the healthcare sector there is in robust health, aside from the government promising a $320 million support package a year ago. Ironically, this hope seems to derive in large part from AstraZeneca, which recently closed a neuroscience facility in Södertälje, Sweden, and all because of a new industry-academia deal around cardiovascular and metabolic research .

According to Stockholm-Uppsala Life Science, AstraZeneca (AZ) and Karolinska Institutet (KI) are set to establish an integrated cardiovascular and metabolic research center, withAstra Zeneca contributing as much as $100 million over an initial fiuve years.

For the first time, reportedly, AZ and KI scientists will work together under onedirector.

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