Pfizer boss: New company 'not too big to deal with NHS'

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


New company would have 8% market share of drugs market. Bad for NHS? "Not too big to negotiate with" says Ian Read.


Pfizer refuses to say how much the move to UK would save in tax. "Sensitive information" but says group's tax rate would fall from 27%.

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


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".