GlaxoSmithKline (NYSE:GSK) has long gone by its acronym GSK. Now, the abbreviation is the company’s official name. GlaxoSmithKline had announced its plan to change the name in an earnings announcement in April 27. The London Stock Exchange and the New York Stock Exchange will update the company’s name in “due course,” as the company explained in…
GSK to name Vishal Sikka to its board
GlaxoSmithKline plc (LSE/NYSE:GSK) has announced that the CEO of Vianai Systems, Vishal Sikka, will join its board as a non-executive director. Vianai Systems is a Bay Area startup focused on ‘human-centered AI.’ Sikka will join after GSK spins off its consumer segment, which it will term ‘Haleon.’ At GSK, Sikka will provide perspective on AI, which…
GSK begins to staff the board of its potential consumer healthcare spinoff
GlaxoSmithKline plc (GSK) (LSE/NYSE:GSK) is gearing up for the demerger of its consumer healthcare business, which it anticipates will be complicated in July. The company announced that it had enlisted six new directors to the designate board of the spinoff, which will be known as Haleon. In addition to Sir Dave Lewis, whom the GSK named…
GSK and Vir aim to ramp up sotrovimab supply during omicron surge
In early December 2021, GlaxoSmithKline (LON:GSK) and its partner Vir Biotechnology (NSDQ:VIR) announced that their COVID-19 antibody therapy sotrovimab appeared to retain efficacy against the omicron variant. Now, demand for sotrovimab is eclipsing supplies of the drug as omicron has fueled a record number of infections in the U.S. and elsewhere. According to the Wall Street Journal, Glaxo and…
Unilever gives up hunt for GSK consumer unit
Unilever (LON:ULVR) recently offered to buy GlaxoSmithKline’s (GSK; NYSE:GSK) consumer healthcare unit for £50 billion (about $68 billion). After facing pushback from analysts, investors and credit rating agencies about the deal, Unilever has abandoned the pursuit. In an announcement, the company said it would not raise its offer above £50 billion, noting that it was committed…
How COVID-19 sidelined top vaccine manufacturers
Pfizer/BioNTech and Moderna were the first to win emergency use authorization from FDA for COVID-19 vaccines. Johnson & Johnson recently got its own permission to distribute its vaccine. But other Big Pharma companies have struggled to get vaccines to the finish line, including some of the world’s largest vaccine makers such as GlaxoSmithKline, Merck and…
Pharma industry and Biden administration could be on a drug-pricing collision course
Prominent pharmaceutical companies including Pfizer (NYSE:PFE), Sanofi (NYSE:SNY), GlaxoSmithKline (NYSE:GSK) and Teva (NYSE: TEVA) intend to raise U.S. prices of more than 300 drugs starting Jan. 1, according to Reuters. But President-elect Joe Biden has vowed to slash drug prices. “Too many Americans cannot afford their prescription drugs, and prescription drug corporations are profiteering off of the pocketbooks of sick individuals,” he wrote in a healthcare…
Sanofi, GSK offer 20M COVID-19 vaccine doses to COVAX alliance
Sanofi (NSDQ:SNY) and GSK (LON: GSK), which have teamed up to produce a COVID-19 vaccine candidate, have signaled their intent to work with the legal administrator of the COVAX Facility. The two companies have vowed to produce 200 million doses of a vaccine based on the protein subunit AS03 adjuvant. Governments, businesses and health organizations…