October 18, 2021

GSK sees shingles vaccine sales rising, as free cash flow concerns weigh

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By Ankur Banerjee and Pushkala Aripaka Reuters From Yahoo Finance (Reuters) – GlaxoSmithKline forecast on Wednesday that 2019 sales of its shingles vaccine would be more than 1 billion pounds ($1.3 billion) but the British drugmaker’s shares slipped on concerns about its pharmaceutical business and free cash flow. Shingrix, the shingles vaccine launched in 2017, […]

Sinopharm executives face corruption probe

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From BBC China’s largest drug distributor Sinopharm has said two of its former senior executives are being investigated over alleged corruption. A former vice president was detained by police last week, while a former general manager is also being probed. Sinopharm is the most high-profile domestic company to feature in China’s crackdown on misconduct in […]

5 charged with theft of GSK cancer drug secrets

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By P.J. D’Annunzio, The Legal Intelligencer Five people including two scientists working for GlaxoSmithKline have been charged with taking part in a scheme to steal trade secrets and methods for manufacturing cancer medication from the drugmaker, the U.S. Attorney’s Office for the Eastern District of Pennsylvania ­announced Wednesday. Following an FBI investigation, Yu Xue, 45, of […]