GlaxoSmithKline

PHILADELPHIA | Chinese scientist pleads guilty in plot to steal GSK secrets

PHILADELPHIA— A Chinese scientist has pleaded guilty to conspiring to steal biopharmaceutical trade secrets from GlaxoSmithKline in what prosecutors said was a scheme to set up companies in China to market them. Tao Li pleaded guilty Friday in federal court to a single conspiracy count. The change of plea comes two weeks after Yu Xue, … Continue reading PHILADELPHIA | Chinese scientist pleads guilty in plot to steal GSK secrets

LONDON | Stronger pound weighs on revenues at drugmaker GSK

LONDON (AP) — Pharmaceutical and consumer goods maker GlaxoSmithKline says first-quarter revenue dropped 2 percent as a stronger pound offset encouraging sales of a new shingles treatment. The company said in a statement Wednesday that revenue fell to 7.22 billion pounds ($10.1 billion) from 7.38 billion pounds in the same period last year. Net income … Continue reading LONDON | Stronger pound weighs on revenues at drugmaker GSK