Labour have hit out at Pfizer over their proposed takeover of AstraZeneca, saying the company's claims about its commitment to the UK are "not worth the paper they are written on".
Shadow Business Secretary Chuka Umunna issued a statement, saying:
"The assurances Pfizer has given Ministers are not worth the paper they are written on, given that Pfizer has since refused to rule out breaking up the AstraZeneca business and selling off parts of it in the future if this takeover proceeds."
Mr Umunna called on ministers to order a "proper, independent assessment of the takeover" to determine whether it is in the public interest.
Pfizer has until Monday until it admits defeat in bidding for AstraZeneca. But after the shenanigans of the past few days we cannot be sure.
AstraZeneca's share price is tumbling back down to earth after the board rejected a "final" Pfizer bid. So is the takeover really over?
Sweden's Finance Minister says the Government should be "very, very sceptical" about any promises the US pharmaceutical giant makes.