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Share Price Information for Glaxosmithkline (GSK)
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Share Price:
1,733.50
Bid:
1,732.50
Ask:
1,733.00
Change:
5.00 (0.29%)
Spread:
0.50 (0.029%)
Open:
1,733.00
High:
1,739.50
Low:
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Prev. Close:
1,728.50
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Don't have an account? Click here to register.CMA fines GlaxoSmithKline £38m for generics delay scam
Fri, 12th Feb 2016 07:39
(ShareCast News) - The UK competition watchdog has fined GlaxoSmithKline for making illegal payments to rivals that delayed the launch of potentially cheaper generic medicine, potentially costing the NHS many millions.GSK has been fined £37.6m by the Competition and Markets Authority, with Merck fined £5.8m and Actavis £1.5m.The CMA said its investigation found that GSK had paid around £50m between 2001 and 2004 to Generics UK (GUK), which was then a part of Merck, and Actavis in order to halt their entry into the UK market for anti-depressant medicine paroxetine.GUK and Actavis, then called Alpharma, were poised to launch generic competition to GSK's branded blockbuster version of paroxetine, Seroxat, which at the time generated revenues of more than £90m.GSK made the payments as it also battled the two companies in the courts, alleging that these generic versions would infringe its patents."These 'pay-for-delay' agreements deferred the competition that the threat of independent generic entry could offer, and potentially deprived the National Health Service of the significant price falls that generally result from generic competition," the CMA said.When generic versions of paroxetine eventually were launched in 2003, average paroxetine prices dropped by over 70% in two years.Michael Grenfell, the CMA's executive director for enforcement, said: "Today's decision sends out a strong message that we will tackle illegal behaviour that is designed to stifle competition at the expense of customers - in this case, the NHS and, ultimately, taxpayers."This investigation shows our determination to take enforcement action against illegal anti-competitive practices in sectors big and small. Cracking down on these practices is essential to protect consumers, to encourage legitimate business activity that such practices stifle, and to stimulate innovation and growth."
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21 Nov 2023 11:52
GSK to begin phase 3 trials of low-carbon Ventolin inhaler in 2024
(Alliance News) - GSK PLC on Tuesday said it will begin phase 3 trials of a low carbon version of its metered dose inhaler Ventolin using a "next generation" propellant in 2024.
Read more14 Nov 2023 17:04
LONDON MARKET CLOSE: FTSE 100 underwhelms as stocks jump after US CPI
(Alliance News) - European equities jumped in the wake of a cooler-than-expected US inflation reading, which took some sting out of a recent hawkish reassessment of the Federal Reserve interest rate outlook.
Read more13 Nov 2023 09:47
GSK hails momelotinib opinion from European Medicines Agency committee
(Alliance News) - GSK PLC on Monday announced that a European Medicines Agency panel has given a positive opinion recommending momelotinib to treat myelofibrosis patients with anaemia.
Read more9 Nov 2023 15:50
UK dividends calendar - next 7 days
| Friday 10 November | |
| Bodycote PLC | dividend payment date |
| Breedon Group PLC | dividend payment date |
| Chesnara PLC | dividend payment date |
| Finsbury Growth & Income Trust PLC | dividend payment date |
| Invesco Bond Income Plus Ltd | dividend payment date |
| JPMorgan Emerging Markets Investment Trust PLC | dividend payment date |
| Kerry Group PLC | dividend payment date |
| Merchants Trust PLC | dividend payment date |
| Mid Wynd International Investment Trust PLC | dividend payment date |
| Mid Wynd International Investment Trust PLC | special dividend payment date |
| Montanaro UK Smaller Cos Investment Trust PLC | dividend payment date |
| Senior PLC | dividend payment date |
| Spectris PLC | dividend payment date |
| Spirax-Sarco Engineering PLC | dividend payment date |
| Travis Perkins PLC | dividend payment date |
| Monday 13 November | |
| no events scheduled | |
| Tuesday 14 November | |
| no events scheduled | |
| Wednesday 15 November | |
| Coats Group PLC | dividend payment date |
| Ferguson PLC | dividend payment date |
| JP Morgan Mid Cap Investment Trust PLC | dividend payment date |
| Strategic Equity Capital PLC | dividend payment date |
| Thursday 16 November | |
| abrdn Property Income Trust Ltd | ex-dividend payment date |
| Asian Energy Impact Trust PLC | ex-dividend payment date |
| Baillie Gifford Japan Trust PLC | ex-dividend payment date |
| BlackRock Greater Europe Investment Trust PLC | ex-dividend payment date |
| Bunzl PLC | ex-dividend payment date |
| Bytes Technology Group PLC | ex-dividend payment date |
| Centrica PLC | dividend payment date |
| Coca-Cola Europacific Partners PLC | ex-dividend payment date |
| DX Group PLC | ex-dividend payment date |
| Empiric Student Property PLC | ex-dividend payment date |
| Fonix Mobile PLC | ex-dividend payment date |
| GCP Asset Backed Income Fund Ltd | ex-dividend payment date |
| GSK PLC | ex-dividend payment date |
| Hargreaves Lansdown PLC | ex-dividend payment date |
| Henderson Opportunities Trust PLC | ex-dividend payment date |
| ICG Enterprise Trust PLC | ex-dividend payment date |
| James Halstead PLC | ex-dividend payment date |
| Lancashire Holdings Ltd | special ex-dividend payment date |
| Majedie Investments PLC | ex-dividend payment date |
| Marks & Spencer Group PLC | ex-dividend payment date |
| Murray Income Trust PLC | ex-dividend payment date |
| New Star Investment Trust PLC | ex-dividend payment date |
| NextEnergy Solar Fund Ltd | ex-dividend payment date |
| Octopus Renewables Infrastructure Trust PLC | ex-dividend payment date |
| Pershing Square Holdings Ltd | ex-dividend payment date |
| Personal Group Holdings PLC | dividend payment date |
| Redrow PLC | dividend payment date |
| Regional REIT Ltd | ex-dividend payment date |
| Schroder Oriental Income Fund Ltd | ex-dividend payment date |
| Scottish American Investment Co PLC | ex-dividend payment date |
| SCS Group PLC | ex-dividend payment date |
| Shell PLC | ex-dividend payment date |
| Supermarket Income REIT PLC | dividend payment date |
| UK Commercial Property REIT Ltd | ex-dividend payment date |
| Unilever PLC | ex-dividend payment date |
| Wincanton PLC | ex-dividend payment date |
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8 Nov 2023 09:30
LONDON BROKER RATINGS: UBS downbeat on AJ Bell and Hargreaves Lansdown
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
Read more2 Nov 2023 10:14
LONDON BROKER RATINGS: Bank of America starts Unite Group with 'buy'
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
Read more1 Nov 2023 16:52
LONDON MARKET CLOSE: Stocks prosper ahead of central bank rate calls
(Alliance News) - Stocks in London took their lead from a positive start on Wall Street to close higher as investors prepare for interest rate decisions in the UK and US.
Read more1 Nov 2023 16:35
London close: Stocks rise ahead of US Fed policy decision
(Sharecast News) - London's stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.
Read more1 Nov 2023 08:51
TOP NEWS: GSK ups guidance as boosted by Shingrix and Arexvy
(Alliance News) - GSK PLC on Wednesday hailed the performance of the world's first approved respiratory syncytial virus vaccine Arexvy, as it reported a rise in profit and revenue.
Read more1 Nov 2023 08:50
LONDON MARKET OPEN: FTSE 100 up, FTSE 250 down as Aston Martin tumbles
(Alliance News) - Stock prices in London opened mixed on Wednesday, ahead of key central bank decisions, as investors were cheered by some strong updates from large-cap listings.
Read more1 Nov 2023 07:40
LONDON BRIEFING: GSK raises annual guidance following Arexvy launch
(Alliance News) - Stocks in London are called higher on Wednesday, with the main focal point for the day being the upcoming US interest rate decision.
Read more1 Nov 2023 07:27
GSK hikes guidance after strong third quarter
(Sharecast News) - GSK announced a robust third quarter on Wednesday, prompting an upgrade to its full-year guidance.
Read more30 Oct 2023 09:01
IN BRIEF: GSK says Jemperli meets endpoint in endometrial cancer trial
GSK PLC - Brentford, west London-based pharmaceutical maker - Jemperli, whose generic name is dostarlimab, meets endpoint of overall survival in phase III Ruby trial on adult patients with primary advanced or recurrent endometrial cancer. Jemperli, combined with standard-of-care chemotherapy, followed by dostarlimab, demonstrated a "statistically significant and clinically meaningful benefit" to the patients in the trial.
Read more30 Oct 2023 07:06
GSK's Jemperli sees success in endometrial cancer trial
(Sharecast News) - GSK reported encouraging outcomes from part one of the 'RUBY' phase three trial evaluating the efficacy of 'Jemperli', or dostarlimab, with standard chemotherapy for treating adult patients with advanced or recurrent endometrial cancer on Monday.
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