Boss 'under pressure from some' to do Pfizer deal

AstraZeneca's boss Pascal Soriot is appearing at a business select committee on Pfizer's proposed takeover of the British pharmaceutical company. ITV News Business Editor Joel Hills has tweeted:

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AstraZeneca boss says impossible to say he wouldn't accept any offer from Pfizer. He's under pressure from some shareholders to do a deal.

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Soriot says when it comes to developing new drugs "big is not necessarily beautiful" - much creativity from small bio-tech companies

Read: Pfizer has 'gone hostile' with appeal to AstraZeneca shareholders

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Ed Miliband: 'Serious concerns' over proposed Pfizer deal

Following a brief 30 minute with Pfizer chief executive Ian Read after today's hearing Mr Miliband said: "There are serious concerns about this proposed takeover. There are too many unanswered questions about British science and British industry".