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Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,599.00
Bid: 1,594.50
Ask: 1,595.50
Change: -19.00 (-1.17%)
Spread: 1.00 (0.063%)
Open: 1,608.00
High: 1,615.00
Low: 1,575.00
Prev. Close: 1,618.00
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GSK faces bribery allegations in Syria

Tue, 12th Aug 2014 11:53

GlaxoSmithKline (GSK) is facing claims it bribed Syrian distributors to increase its sales in the Arabic country, Reuters news agency said on Tuesday.The international pharmaceutical giant had previously come under scrutiny for corruption in its non-prescription business in Syria and bribery claims in China.Reuters reported seeing an anonymous email sent to the GSK's chief executive officer, Andrew Witty, and the chair of the company's audit committee, Judy Lewent, which stated that "GSK has been engaging in multiple corrupt and illegal practices in conducting its pharmaceutical business in Syria".GSK, one of the few pharmaceutical firms still supplying products to the war-torn country, has announced it has suspended relation with its distributors in the Arabic country, while it carries out thorough investigations on the issue."All the claims in this email will be thoroughly investigated using internal and external resources as part of our ongoing investigation into operations in Syria," said a GSK's spokesman."We are committed to taking any disciplinary actions resulting from the findings. We have suspended our relationship with our distributors in the country pending the outcome of our investigation."The email gives names and dates of payment and also accuses the company of bribing officials at Syria's Ministry of Health to obtain vaccines for illegal resale, but Reuters claims the sums involved are largely inferior to the hundreds of millions GSK allegedly paid to doctors and officials in China.GSK shares were down 0.21% to 1374.6p at 10:52 on Tuesday.DC
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17 Jan 2024 07:31

GSK raises $1.24 bln from latest Haleon stake sale

Jan 17 (Reuters) - GSK has raised 978 million pounds ($1.24 billion) from a discounted sale of a stake in its spun-off consumer healthcare business Haleon, the British drugmaker said on Wednesday.

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16 Jan 2024 17:04

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16 Jan 2024 09:14

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(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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UBS downgrades AstraZeneca to 'sell'

(Sharecast News) - UBS has downgraded AstraZeneca and upgraded rival GSK as part of its latest review of the European pharmaceutical sector.

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LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

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Zantac fallout unfairly weighing on GSK, says Shore Capital

(Sharecast News) - Shore Capital has raised its target price and maintained a positive stance on biopharma giant GSK, saying that worries about the potential cost of Zantac litigation are unfairly weighing on the stock.

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10 Jan 2024 09:35

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10 Jan 2024 08:25

GSK says Nucala gets green light in China for asthma treatment

(Alliance News) - GSK PLC on Wednesday said Nucala has been approved in China for the treatment of severe asthma.

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10 Jan 2024 07:22

GSK's Nucala gets fresh approval in China

(Sharecast News) - GSK announced on Wednesday that the China National Medical Products Administration (NMPA) has granted approval for 'Nucala', or mepolizumab, as an add-on maintenance treatment for severe eosinophilic asthma in adults and adolescents aged 12 years and older.

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(Sharecast News) - London stocks had turned back into the red by the close on Tuesday, with recruitment firms and asset managers pacing the declines after some disappointing corporate updates.

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TOP NEWS: GSK to buy Aiolos Bio for up to USD1.4 billion

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GSK buys respiratory drug maker Aiolos for $1bn

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Pfizer to remain aggressive on obesity market after setback

NEW YORK, Jan 8 (Reuters) - Pfizer will remain aggressive in trying to break into the lucrative obesity market, even after dropping a high profile weight-loss drug candidate late last year due to strong side effects, Chief Executive Albert Bourla said on Monday.

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8 Jan 2024 23:00

Pfizer to remain aggressive on obesity market after setback

NEW YORK, Jan 8 (Reuters) - Pfizer will remain aggressive in trying to break into the lucrative obesity market, even after dropping a high profile weight-loss drug candidate late last year due to strong side effects, Chief Executive Albert Bourla said on Monday.

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