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GlaxoSmithKline News

10 Feb 2022

CCPA passes order for discontinuation of Sensodyne ads in India

The Central Consumer Protection Authority (CCPA) has also passed an order against Naaptol Online Shopping Ltd for misleading advertisements and unfair trade practice, and asked it pay a penalty of Rs 10 lakh.

GlaxoSmithKline

16 Jan 2022

GSK rejects $68 billion Unilever bid for consumer healthcare unit

GlaxoSmithKline and Unilever confirmed that an acquisition offer was made. There can be no certainty that any agreement will be reached, Unilever said.

07 May 2020

GSK selling $3.45 billion stake in Hindustan Unilever

GSK struck a deal to fold its Indian business - whose main product is Horlicks - into Unilever`s Indian unit Hindustan Unilever in exchange for shares in the combined group.

Competition Commission

24 May 2019

CCI approves GSK, Pfizer consumer healthcare JV formation

GSK, in December 2018, had said it has reached an agreement with Pfizer to combine their consumer health businesses into a new joint venture (JV) with combined sales of around USD 12.7 billion (around Rs 88,900 crore).

28 Nov 2018

Unilever emerges as leading bidder for GSK's Horlicks business

Other bidders include Coca-Cola Co, which has been looking to expand in emerging markets.

28 Mar 2018

GSK to sell Horlicks; Nestle, other food groups likely suitors

They estimated the consumer health nutrition business, which also has smaller operations in Nigeria and Bangladesh, could fetch more than $4 billion.

GlaxoSmithKline

27 Mar 2018

GSK buys Novartis stake in consumer healthcare venture for $13 billion

The deal is set to complete in the second quarter subject to the necessary approvals.

GlaxoSmithKline

15 Mar 2017

GSK's new female CEO to get 25% less after pay policy review

Walmsley, who takes over next month, will be paid a base salary of 1,003,000 pounds ($1.23 million), or 10 percent less than outgoing CEO Andrew Witty.

GlaxoSmithKline

20 Sep 2016

GlaxoSmithKline picks insider Emma Walmsley as new CEO

GlaxoSmithKline said on Tuesday it had chosen Emma Walmsley, head of consumer healthcare, as its new chief executive, after considering internal and external candidates.

GlaxoSmithKline

12 Sep 2016

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.

GlaxoSmithKline

01 Aug 2016

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.

GlaxoSmithKline

27 May 2016

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.

GlaxoSmithKline

17 Mar 2016

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.

Anti-depressants

20 Sep 2015

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.

GlaxoSmithKline

22 Jun 2015

GlaxoSmithKline appoints Annaswamy Vaidheesh as MD

He would succeed current MD Hasit Joshipura, who is leaving office on August 1, 2015, the company said in a statement.

GlaxoSmithKline

17 Jun 2015

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.

05 Jun 2015

CCI imposes Rs 64 crore fine on GlaxoSmithKline, Sanofi

Every year, the government invites tenders for purchase of meningitis vaccine that is required to be administered upon Haj pilgrims.

GlaxoSmithKline

06 May 2015

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.

06 May 2015

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.

GlaxoSmithKline

30 Apr 2015

Glaxo gets OK to expand marketing of inhaler drug

GlaxoSmithKline plc says it has received US approval to sell its once-a-day respiratory inhaler Breo Ellipta for a new use in asthma patients ages 18 and older.

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