GlaxoSmithKline Plc plans to spend more than $1 billion to raise stakes in its Indian and Nigerian consumer healthcare arms, as Britain's biggest drugmaker deepens its emerging markets and non-prescription consumer health footprint. ...
02:17 AM, Nov 27, 2012
Washington: GlaxoSmithKline Plc agreed to plead guilty to misdemeanor criminal charges and pay $3 billion to settle what government officials on Monday described as the largest case of healthcare fraud in US history. The agreement, which still needs court approval, would resolve allegations that the British drugmaker broke US laws in the marketing and development of pharmaceuticals. GSK targeted the antidepressant Paxil to patients under age 18 when it was...
09:54 AM, Jul 03, 2012
London: GlaxoSmithKline will record a legal charge of 2.2 billion pounds ($3.4 billion) for the fourth quarter, effectively wiping out its profit, as it settles further claims related to Avandia and sales practices. The charge equates to an after-tax cost of 1.8 billion pounds, more than the 1.45 billion the drugmaker had been expected to make in net income during the three months to December, according to Thomson Reuters consensus...
06:05 PM, Jan 18, 2011
London: Britain's state-run health service will get a partial rebate from GlaxoSmithKline if the company's new kidney cancer drug Votrient does not match up to a rival medicine in a head-to-head clinical trial. The unusual deal, the first of its kind, hints at the type of complex arrangements that could become commonplace as Britain moves to a system of value-based drug pricing from the end of 2013. Draft guidance from...
10:25 AM, Dec 24, 2010
An internal report by the US Food and Drug Administration has said that common diabetes drug Rosiglitazone comes with a risk of heart attacks. Sold by GSK under the name Avandia, the drug reportedly causes fluid retention. A US Senate report has alleged that drugmaker GlaxoSmithKline knew of the risks. However GSK has rejected the charge. Avandia first came under FDA scanner in May 2007 after a study found that ...
06:43 PM, Feb 21, 2010
