Posted Feb. 6, 2013 at 9:22 a.m.

Premium Lock GSK: Cost-cutting focus is on Europe, not US

Published: 2013-02-06 09:22:36
Updated: 2013-02-06 09:22:36

GSK's R&D facility in RTP   GSK's R&D facility in RTP. (GSK photo)

In looking to reduce costs by $1.57 billion a year through 2016, GlaxoSmithKline is focusing on Europe, not U.S. where many changes have already been made, a GSK spokesperson says....

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