GSK ups stake in Indian unit to 75pc March 10, 2014 Britain's biggest drug maker GlaxoSmithKline (GSK) has announced that, following the voluntary open offer by its subsidiary, it has successfully hiked its stake in its publicly-listed Indian unit, from 50 per cent to 75 per cent. The company said GSK Pharmaceuticals Limited will remain publicly-listed. David Redfern, chief strategy officer, commented: We are very pleased [...]
Glaxo insists its pipeline will be key to profit lift February 5, 2014 UK PHARMA giant GlaxoSmithKline brushed off worries over the Chinese bribery scandal yesterday, announcing sales growth for the end of last year and a bullish forecast for 2014. Revenues should climb by two per cent this year, Glaxo expects, driving earnings per share growth of between four and eight per cent. The company, Britain’s largest [...]
London Report: FTSE pares back losses after RSA and Glaxo rally February 5, 2014 THE UK’S top top equity index snapped a five-day losing streak yesterday, lifted by rallies in insurer RSA and pharma group GlaxoSmithKline. Shares in RSA rose 4.6 per cent on expectations its new chief executive Stephen Hester, credited with salvaging RBS, would help turn around the insurer, which is struggling with a £200m pound ($330m) [...]
Sales boost for drugs giant GlaxoSmithKline October 28, 2005 Drugs giants GlaxoSmithKline and AstraZeneca unveiled big rises in sales yesterday with demand for key drugs soaring. GlaxoSmithKline, the larger of the two, said sales of its asthma product Advair and Avandia for diabetes increased 20 per cent and 22 per cent respectively. The British company, whose market capitalisation is £83bn, has seen sales in [...]
Killing the cure October 28, 2005 Some say British drugs companies should be able to profit in order to reinvest in newer drugs for the greater good. Some say their profits come on the back of scientific fraud. It is perhaps one of the great puzzles of British business. As a nation we spend less on medicines than our European neighbours, [...]