GlaxoSmithKline Plc’s (GSK) (GSK.L) share tender offer worth $1 billion to raise its stake in the Indian unit will start on Feb 18th and end of March 5th, the manager to the offer said in a notice to the exchanges on Monday. GSK plans to raise its stake to as […]
Tag: Glaxosmithkline Plc
Analysis: Bribery scandal dents Big Pharma sales in China, GSK hardest hit
A crackdown on corruption in China’s pharmaceutical sector has hurt sales at international and local firms, with many doctors at Chinese hospitals refusing to see drug representatives for fear of being caught up in the widening scandal. Britain’s GlaxoSmithKline Plc, the group at the center of the furore, has […]
GSK to spend $1 billion to lift stakes in India, Nigeria units
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. The deals are the latest of several by GSK, which is reducing its reliance on traditional prescription […]
