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GSK Consumers Healthcare gets shareholders' approval for merger with HUL

The company has received 99.99 per cent votes in favour of the scheme of amalgamation among the company and Hindustan Unilever Ltd (HUL) in the National Company Law Tribunal-convened meeting of the equity sharehoders on June 1, 2019.

Jun 03, 2019, 10:38 AM IST

GSK sells anaesthetics to Aspen for up to $370 million

GlaxoSmithKline is to sell its portfolio of anaesthetic drugs to South Africa`s Aspen Pharmacare for up to 280 million pounds ($372 million) as part of a drive by the British drugmaker to focus on core therapy areas.

Sep 12, 2016, 13:41 PM IST

GlaxoSmithKline, Alphabet create $715 million bioelectronics firm

GlaxoSmithKline and Alphabet`s life sciences unit are creating a new company focused on fighting diseases by targeting electrical signals in the body, jump-starting a new field of medicine known as bioelectronics.


Aug 01, 2016, 13:16 PM IST

GSK gets EU approval for first gene therapy for children

The world`s first life-saving gene therapy for children, developed by GlaxoSmithKline and Italian scientists, was approved for sale in Europe on Friday, in a step forward for the pioneering technology to fix faulty genes.

May 27, 2016, 22:54 PM IST

GlaxoSmithKline CEO Witty to bow out in March 2017

Witty, a 31-year company veteran, has been under fire from some investors in the past three years as sales and profits have flagged. His reputation was further tarnished by a damaging bribery scandal in China.

Mar 17, 2016, 16:04 PM IST

Popular antidepressant neither safe nor effective for teens

Depressed teens shouldn't take the widely used antidepressant paroxetine as it is neither safe nor effective, as per a reanalysis of an influential study originally published in 2001.

Sep 20, 2015, 17:34 PM IST

GSK Pharma's Bengaluru facility to be operational by 2017

GlaxoSmithKline Pharmaceuticals (GSK India) has said its greenfield manufacturing facility at Bengaluru, having an installed capacity of over 9 billion tablets and capsules per year, will be operational by 2017.

Aug 02, 2015, 15:18 PM IST

China deports British investigator, wife in GSK case

Chinese authorities on Wednesday deported a British investigator and his wife linked to a corruption case involving pharmaceutical giant GlaxoSmithKline (GSK), after releasing them from jail over a week ago, family sources told AFP. 

Jun 17, 2015, 15:44 PM IST

GlaxoSmithKline targets growth across units, scraps ViiV listing

GlaxoSmithKline laid out growth targets for its biggest businesses on Wednesday, hoping to convince investors that focusing on consumer health and vaccines would return the drugmaker to long-term growth.

May 06, 2015, 17:28 PM IST

New-look GSK bets on consumer health spending

GSK predicted on Wednesday its consumer health sales would grow at a mid-single-digit compound annual rate over the next five years, slightly ahead of overall company sales.

May 06, 2015, 17:06 PM IST

Sun Pharma to buy GSK's opiates business in Australia

The business includes two manufacturing sites in Tasmania and Victoria, and consists of poppy-derived opiate raw materials mainly used to make analgesics for pain treatment. 

Mar 03, 2015, 09:53 AM IST

EU puts conditions on deals involving Novartis, GSK

The European Union on Wednesday approved mega deals involving drugmakers Novartis of Switzerland and GlaxoSmithKline of Britain, provided they sell off assets in the vaccines and consumer health businesses.

Jan 29, 2015, 00:14 AM IST

Novartis okays OTC unit sale to GSK Consumer for Rs 109.7-cr

Novartis India's board on Tuesday approved the sale of its OTC division to GlaxoSmithKline Consumer Pvt Ltd, a consumer healthcare joint venture between Novartis AG and GSK, for a consideration of Rs 109.7 crore.

Jan 13, 2015, 19:15 PM IST

GSK confirms hundreds of US job cuts as market gets tougher

Many of the jobs lost will be from GSK`s Research Triangle Park site in North Carolina as drug research is consolidated in Philadelphia and in Stevenage, near London.

Dec 04, 2014, 08:53 AM IST

GSKCH picks Zubair Ahmed for global role in JV with Novartis

The company said it would make a separate announcement of the organisational structure under Ahmed.

Oct 08, 2014, 14:37 PM IST

GlaxoSmithKline slashes annual profits forecast

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.

Jul 23, 2014, 21:22 PM IST

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

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.

Jun 02, 2014, 08:56 AM IST

China police say GSK head ordered bribery: State media

Chinese authorities have accused a top GlaxoSmithKline executive of ordering employees to commit bribery, following a 10-month probe into the embattled British drugmaker, state media said on Wednesday.

May 14, 2014, 12:46 PM IST

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

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

Apr 22, 2014, 19:13 PM IST

GSK slashes price of Crocin tablets

"GSKAP is reducing price of Crocin Advance Paracetamol Fast Release 500 mg tablet to conform to the price notified under DPCO, 2013 with immediate effect," GSKAP said in a statement.

Apr 22, 2014, 19:12 PM IST