The head of US pharmaceutical giant Pfizer has said his company's proposed £63bn takeover of AstraZeneca would be a "win-win for society".
Ian Read spoke out after politicians and unions raised concerns that the move would result in a loss of jobs and a hollowing out of the UK's science base.
Speaking in a video on Pfizer's website, Mr Read said the takeover would "strengthen the ability to bring products to patients" and help the company "invest in science".
"I see this as a win-win for society, a win-win for shareholders, and a win-win for stakeholders," he added.
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.