Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
London, United Kingdom | AFP | Wednesday British drugmaker GlaxoSmithKline said Wednesday that third-quarter net profit rocketed almost ten-fold to £10.3 billion ($11.5 billion) on the blockbuster spinoff of consumer healthcare unit Haleon. Earnings after taxation spiked in the three months to the end of September from £1.2 billion a year earlier, due to a vast gain of £9.6 billion on the Haleon demerger, GSK said in a results statement. Stripping out the spinoff, adjusted […]
PARIS, France (AFP) — Pharma giants Sanofi and GlaxoSmithKline will join forces to work on a coronavirus vaccine they hope will enter clinical trials this year, potentially making it available in the second half of 2021, the companies said Tuesday. The vaccine will combine a Sanofi-developed antigen, which stimulates the production of germ-killing antibodies, with GSK’s adjuvant technology, a substance that boosts the immune response triggered by a vaccine, they said in a statement. “The […]
LONDON, United Kingdom (AFP) — Pharmaceutical giants GlaxoSmithKline and Pfizer on Wednesday announced a merger of their consumer healthcare units that produce over-the-counter medicines. GSK said it would have a 68-percent controlling equity interest in the joint venture that will have combined sales of about £9.8 billion ($12.7 billion, 10.9 billion euros). The deal paves the way for British group GSK to have two UK-listed companies, one specialised in the development of drugs and the […]
