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.
Feb 10, 2022, 08:42 AM IST
GSK rejects $68 billion Unilever bid for consumer healthcare unit
GlaxoSmithKline said it has rejected an unsolicited 50 billion-pound ($68.4 billion) bid from Unilever for its consumer healthcare goods unit, a joint venture it controls in a partnership with Pfizer.
Jan 16, 2022, 08:43 AM IST
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.
May 07, 2020, 09:49 AM IST
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).
May 24, 2019, 14:45 PM IST
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.
Nov 28, 2018, 15:54 PM IST
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.
Mar 28, 2018, 07:36 AM IST
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.
Mar 27, 2018, 14:37 PM IST
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.
Mar 15, 2017, 13:54 PM IST
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.
Sep 20, 2016, 13:40 PM IST
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.
Sep 12, 2016, 13:41 PM IST
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.
Aug 01, 2016, 13:16 PM IST
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.
May 27, 2016, 22:54 PM IST
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.
Mar 17, 2016, 16:04 PM IST
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.
Sep 20, 2015, 17:34 PM IST
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.
Jun 22, 2015, 16:11 PM IST
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.
Jun 17, 2015, 19:11 PM IST
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.
Jun 05, 2015, 20:11 PM IST
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.
May 06, 2015, 17:28 PM IST
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.
May 06, 2015, 17:06 PM IST
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.
May 01, 2015, 03:16 AM IST
