# Britain’s Prince Charles to open new AstraZeneca research centre Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-11-23 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Prince Charles to open AstraZeneca's £1 billion R&D Meta Description: Explore how AstraZeneca is leading the way in research and development with the opening of their new facility, aiming to bring life-changing medicines to URL: https://financedigest.com/britains-prince-charles-to-open-new-astrazeneca-research-centrehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2021-11-23t153629z1lynxmpeham0pmrtroptp4astrazeneca-research-royals-1736837028283-compressed.jpg) CAMBRIDGE, England (Reuters) -Britain’s Prince Charles will formally open a new 1 billion pound ($1.3 billion) AstraZeneca research and development (R&D) facility on Tuesday, as the company aims to fuel the growth of its drug pipeline. AstraZeneca has supplied two billion doses of its COVID-19 vaccine, developed at Oxford University, and is also looking to bring a preventative antibody cocktail against COVID-19 to market. But while the company is setting up a separate division for vaccine and antibody therapies in light of the coronavirus pandemic, it has also beefed up other areas of research Earlier this year, AstraZeneca completed the $39 billion purchase of rare-disease specialist Alexion. “Our new Discovery Centre in Cambridge… will allow us to break new boundaries in the understanding of disease biology, [bring life-changing medicines to patients and power](https://www.financedigest.com/edpr-brings-iberias-first-wind-solar-power-plant-on-stream.html "EDPR brings Iberia’s first wind-solar power plant on-stream") the next stage of our company’s growth,” Chief Executive Pascal Soriot said in a statement. Prince Charles, son of [Queen Elizabeth](https://www.financedigest.com/uks-prince-harry-and-wife-meghan-will-attend-celebrations-for-queen-elizabeth.html "UK’s Prince Harry and wife Meghan will attend celebrations for Queen Elizabeth") and heir to the throne, will take a walking tour of the centre and give a short address at the opening. The plans for AstraZeneca’s new headquarters and large R&D campus in Cambridge were unveiled in 2013, but its costs and timeframe have exceeded the initial estimate of 330 [million pounds and an aimed](https://www.financedigest.com/british-ev-startup-arrival-gets-300-million-funding-aims-to-slow-cash-burn.html "British EV startup Arrival gets 0 million funding, aims to slow cash-burn") completion date of 2016. AstraZeneca, which has a large portfolio of treatments for diseases such as cancer, heart disease and diabetes, said the [centre would support research](https://www.financedigest.com/new-research-from-impact-com-shows-shifting-power-dynamic-that-puts-influencers-at-the-centre-of-the-brand-consumer-relationship.html "New Research from impact.com Shows Shifting Power Dynamic that Puts Influencers at the Centre of the Brand-Consumer Relationship") into specialised medicines and next-generation therapeutics, including gene-editing and cell therapies. We will have advances that could come to the clinic in the next three, four years, that can lead to really effective new [drugs in various aspects of treating cancer,”](https://www.financedigest.com/astrazeneca-lifts-2022-earnings-outlook-as-cancer-drugs-boost-results.html "AstraZeneca lifts 2022 earnings outlook as cancer drugs boost results") Dr Susan Galbraith, AstraZeneca’s Executive Vice President, Oncology Research & Development, told Reuters in an interview. “I’m very optimistic about the fact that we can make a big difference to this disease in the coming decade” ($1 = 0.7454 pounds) (Reporting by Alistair SmoutAditional reporting by Ludwig Burger in FrankfurtEditing by Mark Potter and Louise Heavens) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---