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. GlaxoSmithKline has unveiled plans to sell its Horlicks brand in the UK, shut the Slough plant where the malt drink is made and abandon a proposed £350m biopharmaceutical manufacturing plant in Cumbria. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 02:51:53 PM
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....More than £10bn has been wiped off the market value of AstraZeneca after a major setback in a key lung cancer drug trial sent its shares plunging by more than 16%. The problems heaped further pressure on Pascal Soriot, the chief executive of Britain’s second-biggest pharmaceuticals company, who refused to deny reports that he was close to joining the Israeli generic drugs company Teva. ... [Read full article on Guardian ]
Thursday 27th of July 2017 07:36:16 AM
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. Martin Shkreli, the hedge fund manager turned pharmaceutical entrepreneur once dubbed “the most hated man in America”, has been found guilty on three of eight federal charges that he deceived investors in a pair of failed hedge funds. ... [Read full article on Guardian ]
Friday 4th of August 2017 06:56:43 PM
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....Bornstein has backed the move to pressure McKesson and other drug distributors. “It’s the absolute right thing to do to put the spotlight on these pharmaceutical companies who are chasing the almighty dollar and greed, and in return has got our whole country in a mess. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 11:50:18 AM
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.... They included 13 in clinical development, including treatments for hepatitis C, psoriasis, cancer and rheumatoid arthritis, and about 20 in preclinical development. Ninety-four clinical drug development programmes were in progress at Britain’s biggest pharmaceuticals firm. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 05:36:06 PM
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.... It has one UK factory in Pontyclun, Wales, called Fillcare, which makes toiletries and beauty products. Globally, Fareva produces and packs pharmaceutical, beauty, industrial and household products backed by 12 research and development centres. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 12:24:08 PM
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....7%). While Britain is hampered by Brexit uncertainty, France has the capacity to join Germany in exporting more of its high-grade machine tools, pharmaceuticals, aeroplanes and lorries to emerging markets. ... [Read full article on Guardian ]
Sunday 30th of July 2017 05:59:11 AM
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....This message can also be heard inside the Treasury, where senior officials believe that when the final deal is announced, British business will smile at the result and UK plc will sail on happily as an independent nation. There will be enough access to the markets and institutions of the EU, they say, for the banks, the car companies and the pharmaceutical giants to scrap any relocation plans. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 04:00:42 PM
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....Apart from the banks and the media companies, there is a lot more to keep the City busy this week. Among the major firms reporting results are: the pharmaceuticals giants GlaxoSmithKline and AstraZeneca; British American Tobacco and booze group Diageo from a related sector made up of other legalised drug pedlars; plus International Airlines Group, Reckitt Benckiser, Royal Dutch Shell and Anglo American from assorted other lines. ... [Read full article on Guardian ]
Sunday 23rd of July 2017 06:00:00 AM
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....On future relations between the UK and the EU, he forecast that remaining in the customs union was an option because Theresa May’s remarks on this issues were “nuanced” in her Lancaster House speech. This is what Ireland will be pushing for, because that would also mean no tariffs on the €50bn annual trade between the republic and Britain, which includes sale in both directions of agrifood, pharmaceuticals and services. ... [Read full article on Guardian ]
Wednesday 2nd of August 2017 06:00:39 AM
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Latest Finance News related to Pharmaceutical

Martin Shkreli found guilty of fraud by jury in New York image
Source : Guardian [Read Article] Friday 4th of August 2017 06:56:43 PM
. Martin Shkreli, the hedge fund manager turned pharmaceutical entrepreneur once dubbed “the most hated man in America”, has been found guilty on three of eight federal charges that he deceived investors in a pair of failed hedge funds. ...
Ireland's departing UK ambassador shares 'sadness' over Brexit image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 06:00:39 AM
....On future relations between the UK and the EU, he forecast that remaining in the customs union was an option because Theresa May’s remarks on this issues were “nuanced” in her Lancaster House speech. This is what Ireland will be pushing for, because that would also mean no tariffs on the €50bn annual trade between the republic and Britain, which includes sale in both directions of agrifood, pharmaceuticals and services. ...
AstraZeneca shares dive after failure in key lung cancer drug trial image
Source : Guardian [Read Article] Thursday 27th of July 2017 07:36:16 AM
....More than £10bn has been wiped off the market value of AstraZeneca after a major setback in a key lung cancer drug trial sent its shares plunging by more than 16%. The problems heaped further pressure on Pascal Soriot, the chief executive of Britain’s second-biggest pharmaceuticals company, who refused to deny reports that he was close to joining the Israeli generic drugs company Teva. ...
Love Island is awful – but ITV's prospects are better | Nils Pratley image
Source : Guardian [Read Article] Wednesday 26th of July 2017 06:54:35 PM
.... It is not defenceless. All chief executives of GlaxoSmithKline, it seems, start their reigns by declaring they are on a mission to improve productivity in the pharmaceutical labs. ...
GSK to cut drug development projects to focus on 'winners' image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:36:06 PM
.... They included 13 in clinical development, including treatments for hepatitis C, psoriasis, cancer and rheumatoid arthritis, and about 20 in preclinical development. Ninety-four clinical drug development programmes were in progress at Britain’s biggest pharmaceuticals firm. ...
Boots ends 130 years of manufacturing as it sells off factories image
Source : Guardian [Read Article] Wednesday 26th of July 2017 12:24:08 PM
.... It has one UK factory in Pontyclun, Wales, called Fillcare, which makes toiletries and beauty products. Globally, Fareva produces and packs pharmaceutical, beauty, industrial and household products backed by 12 research and development centres. ...
How a father's tragedy moved the Teamsters to fight an opioid distributor image
....Bornstein has backed the move to pressure McKesson and other drug distributors. “It’s the absolute right thing to do to put the spotlight on these pharmaceutical companies who are chasing the almighty dollar and greed, and in return has got our whole country in a mess. ...
Frankly, banks – it’s time to give a damn about your image image
Source : Guardian [Read Article] Sunday 23rd of July 2017 06:00:00 AM
....Apart from the banks and the media companies, there is a lot more to keep the City busy this week. Among the major firms reporting results are: the pharmaceuticals giants GlaxoSmithKline and AstraZeneca; British American Tobacco and booze group Diageo from a related sector made up of other legalised drug pedlars; plus International Airlines Group, Reckitt Benckiser, Royal Dutch Shell and Anglo American from assorted other lines. ...
The UK’s Brexit negotiators are powered by little more than hope image
Source : Guardian [Read Article] Saturday 22nd of July 2017 04:00:42 PM
....This message can also be heard inside the Treasury, where senior officials believe that when the final deal is announced, British business will smile at the result and UK plc will sail on happily as an independent nation. There will be enough access to the markets and institutions of the EU, they say, for the banks, the car companies and the pharmaceutical giants to scrap any relocation plans. ...
GlaxoSmithKline to sell UK Horlicks brand and scrap factory plans image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:51:53 PM
. GlaxoSmithKline has unveiled plans to sell its Horlicks brand in the UK, shut the Slough plant where the malt drink is made and abandon a proposed £350m biopharmaceutical manufacturing plant in Cumbria. ...
Post-Brexit London is open for business (no matter how grubby) image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:21:05 PM
....At this stage, all that can reasonably be said is that Soriot’s departure would be extraordinary. At AstraZenca, he’s running one of the world’s finest pharmaceutical companies with a multibillion-pound budget to pursue pioneering research and development. ...
UK ministers move to allay Brexit fears over access to medicines image
Source : Guardian [Read Article] Tuesday 4th of July 2017 08:26:44 AM
. The government has moved to dampen fears in the pharmaceutical and life sciences industry that Brexit will mean patients and the NHS will wait longer and pay more for drugs and treatment. ...
Post-Brexit EU drug regulation deal urged by ministers image
Source : BBC [Read Article] Tuesday 4th of July 2017 06:50:52 AM
....However, it is expected to move out of the UK after Brexit, raising uncertainty over whether the UK will need to develop its own separate drug approval system. Industry experts have warned that if this happens pharmaceutical firms could be slower to seek permission for their drugs to be used in just one country, focusing instead on getting their drugs approved for larger, more lucrative markets. ...
Financial Conduct Authority offers a plaster instead of an antidote | Gina Miller image
....In terms of price competition there simply cannot be any genuine competition if the consumer does not know the price. This is why, as the most recent FCA report reveals, the asset management industry makes 36% profit margins that are more than double the operating margins of the FTSE pharmaceutical and biotechnology sector (14%), which is based on intellectual capital and saving and extending lives. ...
Wrong medicine? image
Source : BBC [Read Article] Friday 30th of June 2017 09:01:07 PM
....But the much-hated drug price rise he enacted as chief executive of Turing Pharmaceuticals was legal - and looks likely to remain that way, despite a push in the US for sweeping healthcare changes. Mr Shkreli became a symbol of pharmaceutical greed in 2015 when his firm raised the price of Daraprim, a treatment for parasite infection that had been around for more than 60 years, from $13. ...
Con man or brilliant? Clashing portraits of Martin Shkreli offered as trial begins image
....Martin Shkreli is either a con man who scammed hedge fund investors of millions or a nerdy genius who made them even richer. The conflicting portraits were offered Wednesday at opening statements of Shkreli’s securities fraud trial, a case colored by the ex-pharmaceutical CEO’s antics on social media which, despite the urging of his lawyers to lay low, have never subsided. ...
Potential Martin Shkreli jurors: we can't be impartial over 'most hated man' in US image
. Several potential jurors at the federal securities fraud trial of Martin “Pharma Bro” Shkreli were excused on Monday after telling the judge they couldn’t be impartial toward the flamboyant former pharmaceutical CEO because of his notoriety for raising the cost of a life-saving drug 5,000%. ...
Philip Hammond says Brexit deal must put jobs and prosperity first image
Source : Guardian [Read Article] Tuesday 20th of June 2017 08:41:04 AM
....“The collective sigh of relief will be audible. The benefit to our economy will be huge, in established sectors like manufacturing, the car industry, financial services, and pharmaceuticals; in emerging areas like biotech, and fintech; in the housing market; in the services sector; in the travel industry; in companies, large and small, right up and down our country, employing, between them, millions of people. ...
Shareholders force ExxonMobil to come clean on cost of climate change image
Source : Guardian [Read Article] Wednesday 31st of May 2017 05:28:57 PM
....Addressing the meeting Mason said many of the company’s board members had made clear that “they recognised the significance of the agreed international goals on climate change” in their other roles. Board member Ursula Burns, former CEO of Xerox, signed the Obama administration’s climate pledge, and fellow board member Kenneth Frazier chairs Merck, a pharmaceutical company that supports “national and international action to address the challenges presented by climate change”, said Mason. ...
FTSE reaches record high as UK opinion poll spooks sterling image
Source : Guardian [Read Article] Friday 26th of May 2017 06:37:09 PM
....Rolls-Royce was among many firms with the majority of their earnings from overseas to gain from the higher value of the dollar. GlaxoSmithKline was also boosted by an upgrade of the pharmaceuticals group by analysts from “hold” to “buy”, rising 25. ...
Boots of Nottingham opens 'historic' digital archive image
Source : BBC [Read Article] Wednesday 24th of May 2017 12:24:11 PM
....Updates on this story and more from the East Midlands. Ms Clapp said: "It's such a vast and varied collection and contains a wealth of material to deepen our understanding of retail, industrial and pharmaceutical development in the UK and beyond. ...
Cancer drug price hike company investigated image
Source : BBC [Read Article] Tuesday 16th of May 2017 10:54:18 AM
....Commissioner Margrethe Vestager said: "When we get sick, we may depend on specific drugs to save or prolong our lives. "Companies should be rewarded for producing these pharmaceuticals to ensure that they keep making them in the future. ...
Will Theresa May defend workers' rights? Don't hold your breath | Nils Pratley image
....58 and the flow of dividends over the years is inadequate compensation. Woodford’s complaint, however, is that none of the chief executives over the years has adopted his idea of breaking up GSK, a business that spans pharmaceuticals, vacinnes, consumer products and a specialist HIV unit. ...
'I thought I was invincible' image
Source : BBC [Read Article] Tuesday 9th of May 2017 11:09:35 PM
....The criminals behind many fake medicine operations can be highly organised, but are probably not what everyone thinks of as being part of "organised crime" - gangsters with interests in narcotics and guns, says Mr Deats. He says they are more likely to be rogue businessmen, who may have worked in legitimate pharmaceutical supplies, and who know the systems. ...
AstraZeneca shareholders revolt over chief executive's £13m pay image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:13:55 PM
....AstraZeneca has suffered another shareholder revolt over executive pay, with two-fifths opposing a £13m package for its chief executive. Nearly 39% of investors voted against the pharmaceutical group’s 2016 remuneration report at its annual meeting in London, similar to the rebellion it faced three years ago. ...
Even Trump's Twitter binges aren't enough to make it worth $11bn | Nils Pratley image
.... If so, even Donald Trump’s tweeting flurries, which boost the audience statistics, won’t bring salvation – or a reason to value an 11-year-old company making a loss so highly. Emma Walmsley’s first big call as chief executive of GlaxoSmithKline was easy to make and correct: she ruled out a breakup and committed herself to a corporate structure that houses complex pharmaceuticals, vaccines and consumer products such as toothpaste and Horlicks under one roof. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
....Even cutting the corporate tax rate from 35% to 30% would be difficult. Republicans would have to broaden the tax base by forcing entire sectors – such as pharmaceuticals and technology – that currently pay little in taxes to start paying more. ...
Can end of unhappy marriage with L'Oréal breathe new life into Body Shop? image
....The chain has more than 3,000 stores in 66 countries, and sales and profits have come under pressure amid rising competition and an unhappy alliance between two very different brands. Private equity firms including Apax Partners, CVC and Advent International are thought to be weighing up bids of between £600m and £800m for the company, alongside trade buyers including South Korea’s CJ Group, a media, home shopping and pharmaceuticals conglomerate. ...
Bed and breakfast? image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:20:27 PM
....Mr Welch says how Horlicks has been marketed is a great example of how to do it, with the drink's attributes emphasised in different ways to appeal to specific audiences. The drink has significantly boosted non-pharmaceutical sales in India for its owner, drugs giant GlaxoSmithKline. ...
GSK's Emma Walmsley steps into Andrew Witty's shoes image
Source : BBC [Read Article] Thursday 30th of March 2017 10:59:54 PM
....She has run GSK's Consumer Healthcare unit since 2010. But she lacks any previous experience in a chief executive role and has no background in pharmaceuticals. ...
Brexit Britain image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:04:40 PM
....Once we leave the EU we won't be part of the CAP or the CFP. There also might be other industries or products which are not part of the deal - countries often have specific areas they want to protect like steel, pharmaceuticals or the health service. ...
Pension crisis looms as one in five Britons has no savings for their old age image
Source : Daily Express [Read Article] Tuesday 28th of March 2017 01:37:00 PM
.... . And the job sectors with the most employees with pensions, include law enforcement (95 per cent), science and pharmaceuticals (90 per cent) and insurance (89 per cent), while those in in environment and agriculture, are least likely to hold one (54 per cent). ...
Tesco and Serious Fraud Office near to deal over accounting scandal image
Source : Guardian [Read Article] Monday 27th of March 2017 05:46:01 PM
.... He was interviewed under caution as part of the SFO’s investigation but has since been told that he would not face further action. On top of the Tesco and Barclays cases, the SFO is still investigating the pharmaceutical firm GlaxoSmithKline, the planemaker Airbus and other major companies. ...
Women make up less than a quarter of UK boardrooms image
Source : Guardian [Read Article] Monday 27th of March 2017 04:00:49 AM
....Companies with equal numbers of female and male directors, or with female-led boards, were rare at not quite 4%, not much higher than the 2% found in 2013. The six companies that were female-led included a co-operative, a pharmaceutical group, a manufacturing company, an electronics company, an engineering firm and an information technology service provider. ...
Google's bad week: YouTube loses millions as advertising row reaches US image
Source : Guardian [Read Article] Saturday 25th of March 2017 10:00:06 AM
....It’s been a bad week for Google, with major brands pulling millions of dollars in advertising amid rows over extremist content on YouTube. In the US, the telecom companies AT&T and Verizon, as well as the pharmaceutical company GSK, Pepsi, Walmart, Johnson & Johnson and the car rental firm Enterprise, have all pulled advertising from Google’s video-sharing platform, a contagion spreading from Europe, where a number of high-profile advertisers pulled out of YouTube following an investigation by the Times. ...
No EU trade deal is better than a bad deal? Don’t bet on it, Theresa May | Jonathan Portes image
....But perhaps the most fundamental issue is regulatory arrangements after Brexit. Take, for example, pharmaceuticals, one of our most important export sectors. ...
Brexit: Single market benefit 'largely imaginary' image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:13:02 AM
.... Jonathan Portes, economics professor at King's College London, said there was plenty of evidence to suggest that the single market had been good for the UK. "A lot of industries are dependent on the EU not just for zero tariffs, but also for regulation," he said, pointing in particular to the car and pharmaceuticals sectors. ...
Why denying refugees the right to work is a catastrophic error | Paul Collier and Alexander Betts image
.... The bustling main market street known as the Shams-Élysées – a play on words that references the Paris shopping district and the historic name for Syria – is lined with shops and small businesses. Despite strict access controls at the entrance to the camp, seemingly every product imaginable – from cosmetics to textiles to pharmaceuticals to pets – can be purchased here. ...
UK government should help companies targeted by foreign bids, says Unilever image
.... Theresa May has previously said the government should have more powers to block predatory bids for companies in important industries for the economy. The prime minister has indicated she would have blocked Kraft’s takeover of Cadbury in 2010 and Pfizer’s failed attempt to buy pharmaceuticals group AstraZeneca. ...
New GlaxoSmithKline chief to earn 25% less than her predecessor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:04:51 PM
....GlaxoSmithKline’s new chief executive, Emma Walmsley, will be paid 25% less than her predecessor, Sir Andrew Witty. Britain’s biggest pharmaceutical company said her potential £8. ...
After Brexit, Israel senses a chance to boost trade with UK image
Source : Guardian [Read Article] Saturday 11th of March 2017 04:00:38 PM
....5 million people. The tech sector is likely to be prioritised during negotiations, alongside defence and pharmaceuticals – not least because one in seven NHS drugs come from Israel. ...
UK manufacturing output falls in January image
Source : BBC [Read Article] Friday 10th of March 2017 10:30:57 AM
....9%. Manufacturing was responsible for the decline, particularly the "highly erratic" pharmaceuticals sector, where output tumbled by 13. ...
UK pharma firms accused of illegal deals to hike price of life-saving drug image
.... The two companies face hefty fines if the CMA concludes they broke competition law. The investigation is part of a wider clampdown by the regulator on the pharmaceutical industry. ...
NHS 'overcharged' by drug makers' non-compete deal, says CMA image
Source : BBC [Read Article] Friday 3rd of March 2017 08:39:04 AM
. Two pharmaceutical firms have been accused of pushing up the price of a "lifesaving" NHS drug by striking a deal not to compete with each other. ...
Blair is right on Brexit: parliament must have a democratic debate | Anatole Kaletsky image
....As in wartime, every criticism shades into treason. That is why the Labour party has collaborated in defeating all parliamentary efforts to moderate May’s hardline Brexit plans, even on such relatively uncontentious issues as visa-free travel, pharmaceutical testing or science funding. ...
Humbled Unilever aims to show shareholders it values their loyalty image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:36:53 PM
.... Nuclear power and car manufacturers will clearly be inside the tent. But where do you stand on pharmaceutical firms, or even Unilever? Spell it out, and then describe how intervention will be enforced. ...
UK plans draft response to foreign takeovers after failed Unilever bid image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:07:18 PM
....She highlighted Kraft’s takeover of Cadbury’s, and Pfizer’s failed bid for AstraZeneca, as examples of deals that could have benefited from closer government scrutiny. “A proper industrial strategy wouldn’t automatically stop the sale of British firms to foreign ones, but it should be capable of stepping in to defend a sector that is as important as pharmaceuticals is to Britain,” May said. ...
Theresa May must take £115bn hint from Kraft Heinz's failed Unilever bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:33:19 PM
.... The time is ripe to insist that mega-bids of this type should pass a public interest test. Last July, in her campaign to secure the Tory leadership, May seemed keen on the idea when she cited Pfizer’s failed tilt at AstraZeneca in 2014 and declared: “A proper industrial strategy wouldn’t automatically stop the sale of British firms to foreign ones, but it should be capable of stepping in to defend a sector that is as important as pharmaceuticals is to Britain. ...
Countries line up to host European Medicines Agency after it leaves UK image
Source : Guardian [Read Article] Wednesday 15th of February 2017 08:21:03 PM
....As many as 20 EU countries are seeking to take the headquarters of the European Medicines Agency from the UK once Brexit is complete – and with it 900 highly skilled staff. Portugal has joined the competition for the EMA this week, which is fiercely sought after because acting as host is likely to have a huge knock-on effect for any country’s medical and pharmaceutical industry. ...
EpiPen alternative to hit market at more than seven times the price image
Source : Guardian [Read Article] Monday 13th of February 2017 11:00:11 AM
....“It’s our hope to play a small role in reversing the tides of hospitalizations and deaths that are plaguing this country,” Eric Edwards told Dr Mehmet Oz, host of the Dr Oz show, in an appearance to promote a donation of 50,000 auto-injectors to US health and human services. Eric Edwards told Richmond Magazine that he considered his and his brother’s pharmaceutical company a way to use his “God given talent”. ...
Brexit: the price of post-truth pounds in our pockets image
Source : Guardian [Read Article] Sunday 12th of February 2017 06:59:00 AM
....The US Department of Justice says Shire staff unlawfully “induced clinics and physicians with lavish dinners, drinks, entertainment and travel” as well as “unwarranted payments” for speaking engagements and cash credits and rebates to boost sales. Anyway, if there is a good time to get caught paying bungs, this wasn’t it, what with US president Donald Trump already hinting that he may have pharmaceuticals companies in his sights over drug pricing. ...
GSK needs no medicine despite talk of poor performance image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:49:04 PM
.... That record is much better than the FTSE 100 index’s, but poorer than AstraZeneca’s, which is one reason why the perception persists that GSK has been a laggard. In its sharpest form, the theory runs that GSK would be better broken up into its constituent parts – pharmaceuticals, consumer healthcare and vaccines, plus the ViiV joint venture in HIV therapies. ...
Church of England: we'll vote to block excessive boardroom pay deals image
Source : Guardian [Read Article] Tuesday 7th of February 2017 05:31:51 PM
....”. The Church Commissioners’ largest stakes are in banking groups such as Lloyds and HSBC, supermarket group Tesco and pharmaceutical company AstraZeneca. ...
Sir Andrew Witty nears his last Glaxo goodbye image
Source : Guardian [Read Article] Sunday 5th of February 2017 07:00:07 AM
....It may be a decent time to wean himself off the attractions of the boardroom, too. Analysts at Berenberg muse: “Outside of the HIV business, the rest of the pharmaceuticals business is not expected to deliver much growth. ...
Sports Direct's French Connection flutter looks like a fashion faux pas | Nils Pratley image
.... Profit margins are already 24%, which doesn’t obviously suggest inefficiency. Rakesh Kapoor, Reckitt’s chief executive, has been warming up his investors for a big move for a while but they thought he had in mind an unloved consumer healthcare division of a big pharmaceutical firm. ...
Leading investor signals it may oppose City bosses' pay rises image
Source : Guardian [Read Article] Wednesday 1st of February 2017 12:02:54 PM
....Standard Life had voted against the £70m pay deal for Sir Martin Sorrell, chief executive of advertising group WPP, and “escalated our action by voting against the members of the compensation committee”, the fund manager said in its report. It abstained on pay at BP and against the pay deals at Shire pharmaceuticals, which also faced a shareholder revolt last year. ...
Japan rejects Trump accusation of devaluing yen in currency war image
Source : Guardian [Read Article] Wednesday 1st of February 2017 06:48:52 AM
....Japan has rejected Donald Trump’s claims that Tokyo was deliberately weakening the yen to gain an unfair trade advantage over the US. Trump told a meeting of pharmaceutical companies on Tuesday that Japan, along with China and Germany, were guilty of “global freeloading” for using regulation and currency devaluation in their trade dealings with the US. ...
EU main export market for most UK cities, says thinktank image
Source : Guardian [Read Article] Monday 30th of January 2017 07:01:46 AM
....Data from 2014 shows 61 of the 62 places the thinktank defines as cities send more goods and services to the EU than anywhere else. In the one exception, Hull, almost a third of exports are to the EU, while 46% go to the US thanks to the city’s strong overseas sales of pharmaceutical and medical goods. ...
Quitting EU regulator 'would leave UK waiting longer' for new drugs image
Source : Guardian [Read Article] Saturday 28th of January 2017 07:00:48 AM
....Ministers are coming under growing pressure to scrap plans to quit Europe’s medicines regulator as part of Brexit, with drug firms saying doing so could force Britons to wait a year longer than patients in the EU to access new drugs. Labour and leaders of the UK’s pharmaceutical industry fear that patients and the NHS will lose out if Britain gives up its membership of the European Medicines Agency (EMA). ...
UK GDP figures show solid end to 2016 despite Brexit vote image
Source : Guardian [Read Article] Thursday 26th of January 2017 03:13:11 PM
.... Within production, manufacturing posted a strong gain of 0. 7% mainly due to pharmaceuticals exports, which tend to be erratic, but this was offset by a sharp drop in oil production caused by a change in timing of maintenance in a North Sea oil field. ...
Well-paid bosses should not get knighthoods – says Sir Philip Hampton image
Source : Guardian [Read Article] Tuesday 24th of January 2017 06:22:08 PM
....Knighthoods and other public honours should not be handed to highly paid businesspeople, one of the UK’s most respected company chairmen has told MPs. Sir Philip Hampton, who is chairman of pharmaceuticals group GlaxoSmithKline and was awarded his knighthood for public service, said businesspeople were rewarded with money, and that the honours system should be directed at those who do not benefit from big financial inducements. ...
UK exports 'show signs' of pound boost image
Source : BBC [Read Article] Wednesday 11th of January 2017 10:22:38 AM
....1% decline in October. The increase reflected the re-opening of a North Sea oil field and an increase in production in the pharmaceuticals industry. ...
Japan's Takeda buys US cancer specialist Ariad for $5.2bn image
Source : BBC [Read Article] Tuesday 10th of January 2017 03:37:56 AM
. Japanese pharmaceutical giant Takeda has agreed to buy US drugmaker Ariad Pharmaceuticals for $5. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
....Emma WalmsleyEven before she gets started as chief executive of GlaxoSmithKline, Walmsley is already being described as the most powerful woman in the FTSE 100. When she takes charge in March, Walmsley faces shareholders pushing for a breakup of the pharmaceutical business. ...
Ireland may not get Apple's €13bn back taxes in full, EU says image
Source : Guardian [Read Article] Monday 19th of December 2016 11:56:26 AM
.... Irish ministers have stressed its low corporate tax rate is non-negotiable, viewing it as the linchpin of the economy. The low headline rate, combined with complex use of shell companies, has helped Ireland to draw in scores of tech and pharmaceutical firms. ...
Ireland to fight EU order to collect €13bn in back taxes from Apple image
Source : Guardian [Read Article] Monday 19th of December 2016 01:39:35 AM
....Ireland, an EU member since 1973, has for decades charged a headline rate on corporate taxes of 12. 5% —less than half the European norm and nearly a third the US rate of 35% — and has facilitated the complex use of shell companies that help Apple and scores of other hi-tech global enterprises, including social media and pharmaceutical leaders, to pay far less on non-US sales of goods and services. ...
Drugs firms face fresh questions after Actavis accused of 12,000% price hike image
....”. Both cases, as well as a previous investigation involving GSK, are currently being challenged by the drugs firms, but a spokesperson for the CMA said three further investigations are under way into the pharmaceutical sector, one of which is looking at another case of unfair pricing. ...
Six pharmaceutical firms accused of price-fixing image
Source : BBC [Read Article] Friday 16th of December 2016 05:49:56 AM
. US authorities have accused six pharmaceutical firms from the US, India and Australia of price-fixing. ...
Australian court increases fine over 'misleading' Nurofen image
Source : BBC [Read Article] Friday 16th of December 2016 01:28:38 AM
...."The objective of any penalty in this case must be to ensure that Reckitt Benckiser and other 'would-be wrongdoers' think twice and decide not to act against the strong public interest," the court's justices said in a joint statement. The pharmaceutical giant was also ordered to pay the Australian Competition and Consumer Commission's (ACCC) legal costs. ...

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