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:
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.
Soriot says when it comes to developing new drugs "big is not necessarily beautiful" - much creativity from small bio-tech companies
This morning Pfizer has "gone hostile", not with a renewed bid but with an appeal made directly to the shareholders of AstraZeneca.
MPs on the business committee are sceptical that AstraZeneca would remain committed to Britain if taken over by US giant Pfizer.