Keyword: Andrew Witty

News

GSK Chief Witty Questions Pharma M&A Economics

13.05.2015 - In an interview with the British business daily Financial Times (FT), Andrew Witty, CEO of Glaxo SmithKline (GSK), has questioned the economics of the current wave of mergers and...

Markets & Companies

Drugs Industry Battered by Currency and Competition

13.03.2015 - Both European and US pharmaceutical industry players are highly research-oriented and possess very diversified portfolios. While each country has its national champions, Swiss...

News

GSK Chief Sees More Unit IPOs as Options

21.01.2015 - GlaxoSmithKline could consider more partial public share offerings for component units as it evolves in the coming years, potentially pointing to a break-up of the group if this...

Strategy & Management

International Drugmakers Meet Challenges

08.05.2014 - In contrast to chemicals, the global pharmaceutical industry is little plagued by market cyclicality or general economic swings. But it faces equally daunting challenges, as the...

News

Drug Industry CEOs Plotting More Carve-outs

07.05.2013 - A new generation of drug industry chief executives is stepping up plans to restructure their businesses by divesting slower-growing and maturing operations, opening up new...

News

Antibiotics Crisis Prompts Rethink on Risks, Rewards

18.03.2013 - Thirty years ago, when the world faced the terrifying prospect of an untreatable disease known as AIDS, big drugmakers scented an opportunity and raced to develop new medicines...

News

GlaxoSmithKline Boss Says New Drugs Can Be Cheaper

14.03.2013 - The pharmaceutical industry should be able to charge less for new drugs in future by passing on efficiencies in research and development to its customers, according to the chief...

News

Sick Europe Forces GSK to Cut 2012 Sales Outlook

25.07.2012 - GlaxoSmithKline warned on Wednesday that sales in 2012 would be flat as pressure on drug prices intensifies in Europe, due to government austerity measures aimed at curbing...