Financial Times FT.com

Biotech bid may net Mott $400m

By Andrew Jack

Published: May 4 2007 03:00 | Last updated: May 4 2007 03:00

The chief executive of US biotechnology business MedImmune is set to receive more than $400m in total compensation following its takeover by AstraZeneca.

The sum includes David Mott's existing stake in the company, substantial stock options and payments triggered by a change in ownership.

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