One of Europe’s most cheaply valued ​drugmakers, the £75 bln ​group run by Luke Miels ⁠is turning a corner. ​Fears over expiring patents ​are easing thanks to a booming oncology unit. A £40 bln sales ​target looks hard, ​but Miels may fix that with ‌canny ⁠dealmaking and luck in the lab.

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