Posts tagged “GSK”
The experimental shot is the most advanced candidate vaccine for malaria but results from previous trials have been disappointing. Research published in 2012 showed the shot only reduced malaria cases by about 30 percent in babies aged six to 12 weeks, the target age for immunization.
Drug giant GlaxoSmithKline, hurt in part by a 20 percent decline in sales in China where the company is under criminal investigation, reports revenues and earnings that missed analysts' expectations on Wednesday. GSK also reduced its growth forecast for 2014 from as much as 8 percent to "basically similar" to 2013 and says it can't estimate what the financial impact could be from the China case.
Even with sales and profits declining sharply from a year ago, a cut in a growth forecast for this year and continuing legal issues resulting from a criminal investigation in China, GSK's chief executive officer Andrew Witty puts a positive spin on the state of the company in a video interview.
GlaxoSmithKline, which operates a huge drug manufacturing facility in Zebulon, is investing as much as $25 million to license a technology platform from a California firm as part of efforts to develop new drugs. But GSK isn't bringing the platform to N.C., at least initially.
Chinese authorities have indicted British and American investigators hired by GlaxoSmithKline on charges of illegally obtaining and selling private information, state media reported Monday, as the Briton blamed the pharmaceutical company for misleading and using him.
U.S. diplomats will be barred from the trial in China of an American investigator for GlaxoSmithKline and her British husband who are charged with improperly selling personal information, according to a spokesman for the U.S. Embassy in Beijing.
"Revealed: Sex tape blew open Glaxo's China bribery scandal," reads the big headline in the prestigious The Sunday Times says. A "clandestinely" filmed video of GSK's top China executive that was sent to GSK's CEO set off a company investigation that in turn ignited China's bribery probe against the drug giant, the paper says. In a statement to Reuters, GSK confirms the tape's existence.
Drug giant GlaxoSmithKline will pay 44 states, including North Carolina, some $105 million to settle a case over improper drug marketing. North Carolina will receive $2.5 million. It's the third time since 2011 that GSK is paying N.C. as part of settlements for investigations.
The former Midwestern pharmaceutical sales rep "carried the bag" all the way to the office of CEO and chairman of GlaxoWellcome, and co-led its integration into today's GSK tells entrepreneurs they are the future as he reflects on a remarkable career.
Drug giant GlaxoSmithKline disclosed Tuesday that the company is facing a "formal criminal investigation" by an agency of the British government. GSK already is under serious fire in China.
The executive, Mark Reilly, is accused of operating a "massive bribery network," a police official says at a news conference. He adds that the case had been handed over to prosecutors for formal indictment.
Triangle-based Metabolon, which recently struck a deal with DNA pioneer Craig Venter to help us find ways to live longer, has another high-profile partner: GlaxoSmithKline. The two neighbors disclosed a new collaboration agreement Tuesday.
Plans for pharmaceutical giants Novartis, GlaxoSmithKline and Eli Lilly to swap business lines may have shaken up the stock market Tuesday, but work at a Novartis flu vaccine plant in Holly Springs hummed along, and local officials said they expect it to remain that way.
GSK's top executive Andrew Witty says the multiple deals announced early Tuesday with Novartis promise to deliver "broadly sustainable sourced sales growth and improve long-term earnings."
Two drug giants with major operations in the Triangle, Novartis and GlaxoSmithKline, are swapping businesses in two major deals. Meanwhile, Novartis plans to sell its huge Holly Springs plant in a separate deal and also strikes an agreement to sell its animal health business to Eli Lilly. No layoffs are planned, Novartis says.
Drug giants Novartis and GlaxoSmithKline each offered investors online presentations that spell out graphically how the deals announced Tuesday will affect each company. Here's a look at three key slides from the Novartis presentation.
Drug giants GlaxoSmithKline and Novartis each offered investors online presentations that spell out graphically how the deals announced Tuesday will affect each company. Here's a look at three key slides from the GSK presentation.