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GlaxoSmithKline slashes annual profits forecast

Last Updated: Wednesday, July 23, 2014, 21:22

British drugmaker GlaxoSmithKline Wednesday slashed its 2014 profits forecast as second-quarter earnings sank on the back of weak US trade, adverse currency moves and a Chinese bribery probe.

Foreigners indicted in China for acting as private detectives

Last Updated: Monday, July 14, 2014, 14:49

A foreign couple, stated to be private detectives hired by British drug maker GlaxoSmithKline (GSK), was indicted by Chinese prosecutors in Shanghai for illegally obtaining private information of Chinese citizens.

US `concerned` about lack of access to GSK-linked trial in China

Last Updated: Friday, July 04, 2014, 14:25

The United States is concerned about being barred from attending the August 7 trial in China of British investigator Peter Humphrey and his American wife Yu Yingzeng after the couple were arrested last year following work they did for British drugmaker GlaxoSmithKline PLC.

Glaxo in $350mln cancer deal with biotech specialist

Last Updated: Monday, June 02, 2014, 20:09

British pharmaceuticals giant GlaxoSmithKline has agreed a USD 350 million deal with Adaptimmune to help develop and sell the biotechnology firm`s cancer drugs, the companies said on Monday.

Glaxo in $350mln cancer deal with biotech specialist

Last Updated: Monday, June 02, 2014, 20:08

British pharmaceuticals giant GlaxoSmithKline has agreed a USD 350 million deal with Adaptimmune to help develop and sell the biotechnology firm`s cancer drugs, the companies said on Monday.

GSK in $350 million deal to develop cancer drugs with UK biotech firm: Report

Last Updated: Monday, June 02, 2014, 08:56

GlaxoSmithKline Plc (GSK.L) has agreed a deal worth more than USD 350 million with UK biotech company Adaptimmune to develop cancer drugs, an International Newspaper reported on Monday.

Big Pharma beware: GSK China case may be just the beginning

Last Updated: Monday, May 19, 2014, 00:33

Chinese corruption charges against executives of British drugmaker GlaxoSmithKline Plc (GSK) could be just the start of the pharmaceutical industry`s problems in its biggest emerging drugs market, according to industry sources in China.

GSK case a "warning" to all foreign firms in China: Xinhua

Last Updated: Friday, May 16, 2014, 10:52

Corruption charges against GlaxoSmithKline Plc executives in China are a warning to other foreign firms and could do irreparable damage to the British drugmaker`s Chinese operations, the official Xinhua news agency said on Friday.

Chinese police charge British former GSK China head with bribery

Last Updated: Wednesday, May 14, 2014, 12:46

It is the biggest corruption scandal to hit a foreign company in China since the Rio Tinto affair in 2009.

GlaxoSmithKline net profit at Rs 172 crore in Jan-Mar quarter

Last Updated: Friday, May 09, 2014, 20:58

GlaxoSmithKline Consumer Healthcare on Friday reported a net profit of Rs 171.71 crore for the January-March quarter.

Earnings, big pharma deals give S&P 500 6th straight gain

Last Updated: Wednesday, April 23, 2014, 10:54

Solid earnings and major pharmaceutical-sector deals lifted stocks Tuesday, producing a sixth straight day of gains for the S&P 500 and Nasdaq Composite Index.

GSK-Novartis global deal not to impact India business: GSKCH

Last Updated: Tuesday, April 22, 2014, 19:13

GlaxoSmithKline Consumer Healthcare shares closed at Rs 4,368 on the BSE, up 0.06 percent.