Yes, the board of directors and shareholders all got sold a bill of goods. It was the best ,most complete example of poor judgement in the last decade of pharma.
On to the question: yes, and yes.
First: diabetes sold off, because of really nothing in pipeline and who knows if saxa-dapa is in the works. Also empa-reg outcomes data will create flat sales for 2017. Slight 2017 decline in Farxiga revenue, in best case scenario. Will be difficult to grow...I mean what you gonna do..it's free already!!! (OR, ESS laid off first, CV second, 1/3 to 1/2 laid off in rest of diabetes...in that order...as a last resort...)
Second: bye bye respiratory.
Third: AZ will be bought out late 17' with valuation 50% -or LESS - of what Pfizer offered us.
Fourth: by 2018, AZ will only be an afterthought of a once decent blockbuster company.