Pfizer has some way to go to dampen the sceptics

ITV News Health Editor Catherine Jones reports on Pfizer's proposed takeover of British-Swedish pharmaceuticals company AstraZeneca.

Read: Pfizer boss claims AstraZeneca jobs pledge is legally binding

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Pfizer admits defeat on AstraZeneca bid

US pharmaceuticals giant Pfizer has called off its multi-billion pound bid to take over British-Swedish firm AstraZeneca. The decision came after AstraZeneca's board declined an offer worth almost £70bn.