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GlaxoSmithKline: A Positive Outlook For 2016

2016-03-06 18:03:47| Biotech - Topix.net

GlaxoSmithKline is one of the world's leading pharmaceutical companies, with a market cap in excess of $94 billion. Throughout 2015 GSK performed strongly whilst expanding its strengths into a variety of areas, particularly new product performance.

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GlaxoSmithKline fined less than $100,000 for killing 14 babies during vaccine trials

2016-03-02 13:22:07| Biotech - Topix.net

In reacting to recent news that pharmaceutical giant GlaxoSmithKline accidentally dumped 12 gallons of live, concentrated polio virus into a Belgian river, it is important to remember that the company has a long history of safety violations in its vaccine business. In 2012, for example, an Argentinean judge found the company guilty of conducting illegal vaccine trials that led to the deaths of 14 babies.

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U.S. Charges Five With Theft Of GlaxoSmithKline Trade Secrets

2016-02-04 01:05:00| Chemical Processing

The U.S. Attorneys Office charges five individuals with a plan to steal trade secrets to sell in China.

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GlaxoSmithKline posts loss of $616 million for 4th quarter

2016-02-03 19:55:20| Biotech - Topix.net

British-based drugmaker GlaxoSmithKline posted a loss of 428 million pounds for the fourth quarter of 2015 - compared with a profit of over 1 billion pounds for the same period a year earlier- as the company moved to integrate new businesses. CEO Andrew Witty said Wednesday the healthcare environment remains challenging, but GSK remained focused on its integration and restructuring program.

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UPDATE 1-Five charged in U.S. with stealing secrets from GlaxoSmithKline

2016-01-21 16:59:16| Biotech - Topix.net

The indictments include charges of conspiracy to steal trade secrets, conspiracy to commit wire fraud, conspiracy to commit money laundering, theft of trade secrets, and wire fraud. The stolen information on drugs for cancer and other serious diseases "potentially could be sold for millions of dollars to rival pharmaceutical companies and it would also be useful information for a start-up pharmaceutical company," the complaint said.

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