1800 Concord Pike
P.O. Box 15437
Wilmington, DE 19850
Employees: 51,700 worldwide
Global CEO: Pascal Soriot
Stock Symbol: AZN
AstraZeneca is one
of the world's leading pharmaceutical companies, with a broad
range of medicines designed to fight disease in important areas
The company's top medicines are: Seroquel (schizophrenia and bipolar disorder), Zoladex (prostate and breast cancer), Pulmicort (asthma and pulmonary disease), Symbicort (asthma and pulmonary disease).
World headquarters are in London with major
offices in Sweden and the U.S.
Based in Wilmington, DE, AstraZeneca in
the United States has research and development and supply facilities
in Delaware and Massachusetts, as well as regional sales and
business centers throughout the country. Wilmington also serves
as the global home for the AstraZeneca neuroscience commercial
and research and development areas. Our Boston location houses
infection, oncology and discovery areas.
The company has 51,700 employees worldwide. It employs 14,400 employees in the Americas, 9,800 in research and development and 30,200 in sales and marketing.
AstraZeneca reported 2012 sales of $27.97 billion.
Atlas Powder Company
In 1912, Atlas Powder Company was created
in Wilmington, Delaware, when DuPont Company sold two explosives
divisions, as mandated by "trust busting" enactments
during the Theodore Roosevelt presidency. In the 1960s, Atlas
Powder Company changed its corporate name to Atlas Chemical Industries
and purchased The Stuart Company.
The Stuart Company was renamed Stuart Pharmaceuticals,
and became a division of Atlas Chemical Industries, with headquarters
in Pasadena, California. An R&D unit dedicated to new drug
research was established in Wilmington as part of Atlas' R&D
facilities. It was acquired in 1972 by ICI.
In 1913, Astra AB, a small pharmaceutical
company, was founded near Stockholm, Sweden. Astra began its
own research and development operation in 1931 and entered the
export market three years later.
In 1947, Astra USA, the US subsidiary of
Astra AB, was incorporated and began operations in Worcester,
Massachusetts. In 1981, Astra USA built new manufacturing facilities
and a headquarters building in Westborough, Massachusetts. The
following year, Astra AB and Merck signed a definitive agreement
covering clinical trials, registration, and marketing in the
US of products resulting from Astra's research. Astra/Merck (A/M),
a new entity, was established in 1992 to market Astra products
in the United States. Astra Merck Inc., a free-standing joint
venture between Astra AB and Merck, was formed in 1994 as a new
pharmaceutical company, focusing exclusively on marketing, sales,
and drug development. In 1998, Astra Merck Inc. and Astra USA
combined to form Astra Pharmaceuticals, LP, the US subsidiary
of Astra AB. The new company was a limited partnership between
Astra and Merck.
The Imperial Chemical Industries Ltd. (ICI)/Zeneca
ICI was formed in the UK in 1926. Ten years
later, ICI formed a research organization to synthesize medically
active compounds, and later to develop drugs. In 1967, ICI established
a US presence in Stamford, Connecticut. A year later, the company
created a US business unit, called ICI America (later called
ICI United States, then ICI Americas).
In 1972, ICI acquired Atlas Chemical Industries,
and moved the US headquarters of ICI America from Stamford to
the Fairfax campus in Wilmington, Delaware. Headquarters of the
Stuart Pharmaceuticals Division was also relocated from Pasadena
to offices in Concord Plaza in Wilmington, Delaware.
In 1992, in the US, ICI Americas Inc. changed
its name to Zeneca Inc. and then created a new company to be
called ICI Americas Inc., both owned by ICI PLC. Zeneca comprised
ICI's bioscience businesses, while ICI Americas Inc. incorporated
ICI's chemical businesses. In 1993, Zeneca Group PLC and ICI
PLC formally demerged into two separate and independent companies.
Zeneca Group PLC became a global bioscience company based in
the UK with businesses in pharmaceuticals, agricultural chemicals,
and specialty chemicals. In the US, Zeneca Inc. took over the
former ICI Americas Inc. headquarters complex in Fairfax. Zeneca's
pharmaceuticals group in the US was renamed Zeneca Pharmaceuticals.
The next year, Zeneca Holdings formed Stuart
Disease Management Services (SDMS) in the US, providing disease
management programs and services to managed care and other healthcare
companies. In 1995, Zeneca acquired a 50% stake in Salick Healthcare,
Inc., a leading cancer treatment organization with comprehensive
cancer centers located in major cities throughout the US Zeneca
acquired the balance of Salick in 1996.
Retired hosiery magnate Arthur Hanisch,
famous for the invention of Bobbie Sox, created The Stuart Company
in Pasadena, California, in 1941. Stuart manufactured and marketed
the first stable liquid multivitamin, called The Stuart Formula.*
Hanisch's original $2,500 investment in The Stuart Formula generated
$200,000 in sales in its first year.
In the 1950s, The Stuart Company launched
several innovative pharmaceutical products, including the first
chewable vitamin tablet, first capsule-shaped tablet, first effervescent
laxative formulation, and first instant liquid vitamin mix. Hanisch
also undertook a personal philanthropic project with heart transplant
pioneer Michael DeBakey to develop the first synthetic arterial
graft made of tube-knitted Dacron. It was purchased by Atlas
Chemical Industries in the 1960s.
AstraZeneca-as we know it, today
On April 6, 1999, the merger of Zeneca
group PLC and Astra AB was accepted by both companies' shareholders
and trading began on the New York Stock Exchange. The new symbol
of the company is "AZN". On April 29, 1999, Wilmington,
Delaware, was selected as the site for the company's US headquarters.
Health and welfare
All full- and part-time employees who work
a minimum of 18.75 hours per week are eligible to elect the following
health and welfare benefits:
* Medical-coverage through either a PPO
or an HMO. Employees may cover spouses, domestic partners, and/or
eligible dependents or choose to opt out of coverage and receive
cash back (unless the employee is covered under a spouse's AstraZeneca
* Dental-a PPO plan with general and specialty dentists. Employees
may use any dentist to receive services in or out of network,
or may opt out of coverage and receive cash back (unless the
employee is covered under a spouse's AstraZeneca plan).
* Vision-The vision plan at AstraZeneca is optional. For those
employees who elect coverage, vision expenses will be covered,
up to specified amount.
* AstraZeneca drugs-When prescribed by a physician, all AstraZeneca
medications are free of charge to qualifying employees and their
* Disability-short-term disability provides full or partial income
replacement for eligible employees for up to 26 weeks of disability.
Long-term disability coverage is provided to pay benefits when
an employee is out of work for more than 26 weeks. AstraZeneca
pays the full cost of long-term disability coverage at 60% base
pay replacement, up to certain amounts.
* Life/accident insurance-basic life insurance of one times base
pay, up to $250,000, is automatically provided.
Group universal life and supplemental term life-optional coverage
wherein employees may purchase additional insurance in amounts
from one to five times their base pay, up to $1,250,000. Employees
can also purchase coverage for their spouse/domestic partner
and/or children, depending on the laws of the state where they
* Accidental death and dismemberment-coverage equal to one to
five times base pay, as well as coverage for family members,
may be elected.
* Flexible spending accounts-allows employees to set aside part
of their salary on a before-tax basis to pay for qualifying healthcare
expenses or qualifying dependent care expenses:
o Dependent care
* Long-term care-protects against the financial effects of long-term
illness or injury. This voluntary plan provides benefits for
home and nursing facility care. Employees and their spouses (or
domestic partners), parents, and parents-in-law may enroll.
* Other voluntary benefits-employees can enjoy group/discounted
rates on home, auto, pet insurance, and MetDesk, a resource for
* Employee assistance program-provides employees and covered
family members with confidential assistance for a wide range
of concerns, including free face-to-face mental health and substance
abuse sessions (up to eight visits) with experienced counselors.
401(k) savings and security plan
Employees may contribute from 1% to 50%
of their eligible pay on a before-tax or after-tax basis through
payroll deductions. They direct the investment of their contributions
and all company-matching contributions among 19 different funds.
AstraZeneca makes matching contributions of 75 cents for each
dollar an employee contributes, up to 6% of eligible pay. Company-matching
contributions are 100% immediately vested. In addition, plan
participants who are 50 or older during the calendar year may
elect to make Catch-Up Contributions.
A defined-contribution, money-purchase
plan through which the company establishes an individual account
for each employee and makes contributions on a periodic basis.
Employees have the flexibility to direct the investment and can
choose from a wide variety of funds. Employees are 100% vested
in their retirement plan account upon completion of five years
Matching gift program
AstraZeneca will match 100% of any contribution
employees make to any college or university or to a properly
certified foundation or association connected with a college
Flexible work arrangements
AstraZeneca currently offers flexible work
arrangements for full-time employees in select positions, with
their hiring manager's approval:
* Flextime-employees work 37.5 hours per
week but vary their workday start and end times around core hours.
* Flexible Fridays (compressed work week)-employees work 37.5
hours per week but work a longer day Monday through Thursday
and a half day on Friday.
* Part-time-employees work fewer than 37.5 hours per week. Those
who work at least 18.75 hours per week are eligible for employee
benefits, with some modifications.
* Teleworking-employees engage in office-type work at home or
at another work site for one day or more each week.
Vacations and holidays
The number of vacation days for which full-
and part-time employees qualify is based on tenure with the company.
Numerous paid holidays are offered, including floating holidays,
which can be scheduled as needed.
Full-time employees and those working at
least 18.75 hours a week are eligible for adoption assistance
reimbursement of up to $5,000 per child for certain expenses.
Parental leave policy
Up to 52 weeks of combined paid and unpaid
leave are available for birth, adoptive, and foster parents.
Child care programs
* On-site holiday/end-of-summer programs-our
Wilmington headquarters site hosts on-site programs for school
holidays and the end of summer.
* AstraZeneca Child Development Center at Rockland-a child care
center located on a 10-acre site near the company's Wilmington
headquarters provides primary care for children up to age five,
backup care for infants to preschoolers, and additional programs
for school-aged children. Company-subsidized tuition is based
on household income. This high-quality program is designed to
meet the accreditation standards of the National Association
for the Education of Young Children (NAEYC). Accommodates up
to 347 children.
* Massachusetts child care programs-AstraZeneca and Bright Horizons
provide employees with child care options, including a tuition
subsidy at two Waltham-based centers and priority access to waiting
lists, reduced registration fees, and backup care on a space-available
basis at Bright Horizons child care centers throughout the state.
* Tuition discounts-in an effort to help our employees meet the
cost of child care, AstraZeneca's Work/Life Team has entered
into tuition discount agreements with several child care providers.
They are KinderCare, Knowledge Learning, La Petite Academy, and
The Malvern School.
Other work/life programs
* AstraZeneca LifeSolutions resource and
referral service-assists in finding the providers, information,
and resources needed to manage personal and professional matters,
including child care, financial, legal, education, and everyday
issues. The service also provides the Comprehensive Eldercare
Solutions and Solutions for Nursing Mothers programs.
* Just-in-time care-assists in finding emergency backup dependent
care when regular care is unavailable. AstraZeneca will subsidize
90% of up to 10 days of such care for each employee annually.
* College Coach-the benefit is available free of charge to employees
interested in college and educational issues that affect them
and their children. The program assists employees and their families
in selecting, applying to, and financing college. The College
Coach benefit includes training workshops, one-on-one counseling,
a help desk, and a Virtual Learning Center.
Updated June 3, 2013