[115] In April that year, GSK began a six-year, open-label, randomized trial, known as RECORD, to examine rosiglitazone and cardiovascular events. Pfizer would own the remaining 32% shareholding. The Wellcome Tropical Research Laboratories opened in 1902. GlaxoSmithKline Pharmaceuticals Ltd (BSE: 500660 NSE: GSKCONS) is an Indian subsidiary of GlaxoSmithKline plc, one of the world's leading research based pharmaceutical and healthcare companies. [20][21] The Nobel Prize winning scientists Gertrude B. Elion and George H. Hitchings worked there and invented drugs still used many years later, such as mercaptopurine. Its US headquarters are in The Navy Yard, Philadelphia, and Research Triangle Park, North Carolina; its consumer-products division is in Moon Township, Pennsylvania. "[116] Steven Nissan and Kathy Wolkski argued that the study's low event rates reduced its statistical power. [13], Glaxo Wellcome and SmithKline Beecham announced their intention to merge in January 2000. It is one of the oldest pharmaceuticals companies in India. The company's first pharmaceutical product, released in 1924, was vitamin D.[12]:306, Glaxo Laboratories was incorporated as a distinct subsidiary company in London in 1935. GlaxoSmithKline Pharmaceuticals Ltd is an Indian subsidiary of GlaxoSmithKline plc, one of the world's leading research based pharmaceutical and healthcare companies. The fines stemmed from production of improperly made and adulterated drugs from 2001, to 2005, at GSK's subsidiary, SB Pharmco Puerto Rico Inc., in Cidra, Puerto Rico, which at the time produced US$5.5 billion of products each year. Top sellers are Augmentin, Zinetac, Calpol, Phexin, and Betnesol. [88][89], GSK's consumer healthcare division, which earned £5.2 billion in 2013, sells oral healthcare, including Aquafresh, Maclean's and Sensodyne toothpastes; and drinks such as Horlicks, Boost and a chocolate-flavoured malt drink sold in India. The ASA's ruling was upheld by the High Court. GlaxoSmithKline Pharmaceuticals Ltd (BSE: 500660 NSE: GSKCONS) is an Indian subsidiary of GlaxoSmithKline plc, one of the world's leading research based pharmaceutical and healthcare companies. [65] In November 2018, Reuters reported that Unilever was in prime position to acquire GSK's interest in its Indian unit, GlaxoSmithKline Consumer Healthcare Ltd, in a sale that could generate around US$4 billion for the company. [9], An internal SmithKline Beecham document said in 1998, about withheld data from two GSK studies: "It would be commercially unacceptable to include a statement that [pediatric] efficacy had not been demonstrated, as this would undermine the profile of paroxetine. The resulting product was first known as Defiance, then as Glaxo (from lacto), and sold with the slogan "Glaxo builds bonnie babies. In the 1920s Burroughs Wellcome established research and manufacturing facilities in Tuckahoe, New York,[17]:18[18][19] which served as the US headquarters until the company moved to Research Triangle Park in North Carolina in 1971. It is one of the oldest pharmaceuticals companies in India. 1,694,060,030. However, for specific investment actions please connect with your investment advisor. GSK threatened to sue him, called his university head of department, and persuaded him to sign a retraction. History. GlaxoSmithKline Pharmaceuticals Ltd (BSE: 500660 NSE: GSKCONS) is an Indian subsidiary of GlaxoSmithKline plc, one of the world's leading research based pharmaceutical and healthcare companies. It also offers a range of vaccines, for the prevention of hepatitis A, hepatitis B, invasive disease caused by H, influenzae, chickenpox, diphtheria, pertussis, tetanus, rotavirus, cervical cancer and others. A company poster showed bottles of Toothkind in place of the bristles on a toothbrush. [46] Also in November 2009, GSK formed a joint venture with Pfizer to create ViiV Healthcare, which specializes in HIV research. GlaxoSmithKline Pharmaceuticals Ltd is an Indian subsidiary of GlaxoSmithKline plc, one of the world's leading research based pharmaceutical and healthcare companies. Company profile page for GlaxoSmithKline Holdings Ltd including stock price, company news, press releases, executives, board members, and contact information Press releases. [8], In 2012, GSK pleaded guilty to promotion of drugs for unapproved uses, failure to report safety data, and kickbacks to physicians in the United States and agreed to pay a US$3 billion (£1.9bn) settlement. Are you ready to help people do more, feel better and live longer? GlaxoSmithKline Pharmaceuticals Ltd., incorporated in the year 1924, is a Large Cap company (having a market cap of Rs 24,934.87 Crore) operating in Pharmaceuticals sector. Other drugs promoted for unapproved uses were two inhalers, Advair (fluticasone/salmeterol) and Flovent (fluticasone propionate), as well as Zofran (ondansetron), Imitrex (sumatriptan), Lotronex (alosetron) and Valtrex (valaciclovir). Ronald D. White for the Los Angeles Times. Headquarters: … De link brengt u naar een website die mogelijk geen eigendom is van GSK of waarover wij geen controle hebben. Years later it bought Norden Laboratories, a business doing research into animal health, and Recherche et Industrie Thérapeutiques in Belgium in 1963, to focus on vaccines. For the year ending March 2020 GlaxoSmithKline Pharmaceuticals has declared an equity dividend of 400.00% amounting to Rs 40 per share. "Company hid suicide link", BBC News, 29 January 2007; "Secrets of the Drug Trials," BBC Panorama, 29 January 2007; Goldacre 2013, pp. The Daily Telegraph. "[23] United Therapeutics, which bought the building in 2012, announced plans in 2020 to tear it down. [111], As part of the settlement GSK signed a five-year corporate integrity agreement with the Department of Health and Human Services, which obliged the company to make major changes in the way it did business, including changing its compensation programmes for its sales force and executives, and to implement and maintain transparency in its research practices and publication policies. Print. IBISWorld partnered with the Australian Financial Review to publish a list of Australia’s Top 500 Private Companies for 2019. Komajda, M; McMurray, JJ; Beck-Nielsen, H; Gomis, R; Hanefeld, M; Pocock, SJ; Curtis, PS; Jones, NP; Home, PD (2010). [7] Malaria is responsible for over 650,000 deaths annually, mainly in Africa. [9], The settlement also covered reporting false best prices and underpaying rebates owed under the Medicaid Drug Rebate Program, and kickbacks to physicians to prescribe GSK's drugs. [161] The following month prosecutors in Munich accused 70–100 doctors of having accepted bribes from SmithKline Beecham between 1997, and 1999. Close Previous … GlaxoSmithKline Holdings Pty Ltd's ultimate parent is GlaxoSmithKline plc, a United Kingdom-based pharmaceutical company. History of GlaxoSmithKline Pharmaceuticals Ltd. Company including its incorporation date. [51] In May that year it acquired CellZome, a German biotech company, for US$98 million,[52] and in June worldwide rights to alitretinoin (Toctino), an eczema drug, for US$302 million. [105][106] Médecins Sans Frontières welcomed the decision, but criticized GSK for failing to include HIV patents in its patent pool and for not including middle-income countries in the initiative. PMID 12163427. 345 Park Corporation . Corporate social responsibility. The company began to expand globally, buying seven laboratories in Canada and the United States in 1969. [117] GSK had reportedly tried to persuade one of the authors, Steven Nissen, not to publish it, after receiving an advance copy from one of the journal's peer reviewers, a GSK consultant. Old Ribena bottle, year unknown, made by Beecham Products, Brentford, Middlesex; the label states: "widely used in hospitals and clinics. [42] Andrew Witty became the chief executive officer in 2008. PMC 2848325. [155], In 2013, Chinese authorities announced that, since 2007, GSK had funnelled HK$3.8 billion in kickbacks to GSK managers, doctors, hospitals and others who prescribed their drugs, using over 700 travel agencies and consulting firms. Strength - Analyse stocks based on their strengths, weakness, opportunities, and threats. GlaxoSmithKline Plc is a healthcare company, which engages in the research, development, and manufacture of pharmaceutical medicines, vaccines, and consumer healthcare products. 1,800,000,000 and its paid up capital is Rs. [112], The 2012 settlement included a criminal fine of US$242,612,800 for failing to report safety data to the FDA about Avandia (rosiglitazone), a diabetes drug approved in 1999, and a civil settlement of US$657 million for making false claims about it. It confirmed an association between rosiglitazone and an increased risk of heart failure and fractures, but not of heart attack, and concluded that it "does not increase the risk of overall cardiovascular morbidity or mortality compared with standard glucose-lowering drugs. The company has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. Life at GSK. The licenses include countries in which 93 percent of adults and 99 percent of children with HIV live. GSK India develops and manufactures medicines, vaccines, and consumer products. [47] In 2010, the company acquired Laboratorios Phoenix, an Argentine pharmaceutical company, for US$253m,[48] and the UK-based sports nutrition company Maxinutrition for £162 million (US$256 million). Retrieved 12 March 2020. [148][149][150], The United States brought an antitrust suit against the two companies—United States v. Glaxo Group Ltd.—charging them with violation of the Sherman Act and also seeking to have the patents declared invalid. GlaxoSmithKline Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals, Service Income and Other Operating Revenue for the year ending 31-Mar-2020. GlaxoSmithKline plc is a British pharmaceutical company headquartered in Brentford, London. [127] In November that year the FDA lifted the restrictions it had placed on the drug. Click here to read more. [45] In November 2009, the FDA approved GSK's vaccine for 2009 H1N1 influenza protection, manufactured by the company's ID Biomedical Corp in Canada. Its product portfolio includes prescription medicines and vaccines. GlaxoSmithKline Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals, Service Income and Other Operating Revenue for the year ending 31-Mar-2020. Certain subsidiaries have been omitted as they are not significant in the aggregate. Its product portfolio includes prescription medicines and vaccines. GSK Rx India also makes vaccines to treat or prevent hepatitis A and B, the flu, chickenpox, and tetanus. Upon completion, GSK will then own around 5.7% of Hindustan Unilever Limited, selling those shares in a number of tranches. "[87] In 2014, Glaxo said it had spent more than US$350 million and expected to spend an additional US$260 million before seeking regulatory approval. GlaxoSmithKline company profile 2 Summary Business description GlaxoSmithKline (GSK) is one of the world’s largest research-based pharmaceutical corporations that discovers, develops, manufactures and markets branded human health products. [39] In 2006, GSK acquired the US-based consumer healthcare company CNS Inc., whose products included Breathe Right nasal strips and FiberChoice dietary supplements, for US$566 million in cash. The company developed the first malaria vaccine, RTS,S, which it said in 2014 it would make available for five percent above cost. [146]:55[147] The trial court found that the defendants had engaged in several unlawful conspiracies, but dismissed the part of the suit seeking invalidation of patents and refused to grant as relief mandatory sales of the bulk drug chemical and compulsory licensing of the patents. Our Pharmaceuticals business has a broad portfolio of innovative and established medicines in respiratory, HIV, immuno-inflammation and oncology. [9][132] The article concluded that Paxil was "generally well tolerated and effective for major depression in adolescents. GLAXOSMITHKLINE LIMITED has 70 employees at this location and generates $7.52 million in sales (USD). 12 June 2012, World Health Organization's List of Essential Medicines, London Declaration on Neglected Tropical Diseases, The Swedish Medical Products Agency (MPA), The Finnish National Institute for Health and Welfare (THL), "GlaxoSmithKline on the Forbes Top Multinational Performers List", "The World's Largest Public Companies 2019 ranking", "Glaxo Files Its Entry in Race for a Malaria Vaccine", "GlaxoSmithKline seeks approval on first-ever malaria vaccine", "GlaxoSmithKline to Plead Guilty and Pay $3 Billion to Resolve Fraud Allegations and Failure to Report Safety Data", "Glaxo Agrees to Pay $3 Billion in Fraud Settlement", "GlaxoSmithKline fined $3bn after bribing doctors to increase drugs sales", "Paths to Creating Value in Pharmaceutical Mergers,", "Iconic Burroughs Wellcome Headquarters Open for Rare Public Tour", "Into the Spaceship: A Visit to the Old Burroughs Wellcome Building", "United Therapeutics to demolish an RTP landmark building", "SmithKline Beckman Corp. and International Clinical Laboratories Inc. announced...", "The new alchemy – The drug industry's flurry of mergers is based on a big gamble", "Hall that glitters isn't shareholder gold", "GlaxoSmithKline Completes the Purchase of Block Drug for $1.24 Billion", "Sir Christopher Gent to exit GlaxoSmithKline", "Glaxo China R&D centre to target neurodegeneration", "Andrew Witty's journey from Graduate to GSK CEO", "GlaxoSmithKline buys Stiefel for $3.6bn", "FDA Approves Additional Vaccine for 2009 H1N1 Influenza Virus", "Companies / Pharmaceuticals – GSK and Pfizer to merge HIV portfolios", GSK Acquires Laboratorios Phoenix for $253m, "UPDATE 2-Glaxo buys protein-drinks firm Maxinutrition", "GSK confirms 500 mln stg UK investment plans", GSK acquires Cellzome 100%: Britain's largest drugmaker GlaxoSmithKline will pay about €75m in cash to acquire Cellzome AG completely, GSK snags proteomics platform tech in $98M Cellzome buyout, GSK continues deal spree with $302M pact for Basilea eczema drug, Basilea enters into global agreement with Stiefel, a GSK company, for Toctino (alitretinoin), "Three Lessons From GlaxoSmithKline's Purchase Of Human Genome Sciences", "Ribena and Lucozade sold to Japanese drinks giant", "GSK pays $1 billion to lift Indian unit stake to 75 percent", "Novartis and Glaxo Agree to Trade $20 Billion in Assets", "Deal Flurry Shows Drug Makers' Swing Toward Specialization", "GEN - News Highlights:GSK Acquires GlycoVaxyn for $190M", "Pfizer Buys Two GSK Meningitis Vaccines for $130M", "GlaxoSmithKline Appoints Big Pharma's First Woman Chief Executive", "Emma Walmsley becomes latest female CEO in FTSE 100 as she replaces Sir Andrew Witty at GSK", "GlaxoSmithKline boosts stake in Saudi Arabia unit", "GlaxoSmithKline considers splitting up the group - FT", "Unilever in pole position to swallow GSK's Indian Horlicks business", "GlaxoSmithKline taps Unilever as lead bidder in Indian Horlicks buyout: report", "Unilever swallows GSK's Indian Horlicks business for $3.8 billion", "GSK slides after buying cancer firm Tesaro for hefty $5.1 billion", "Zeroing in on fast-growing vaccines, GSK sheds 2 shots to Bavarian Nordic for up to $1.1B", "GSK agrees to divest rabies and tick-borne encephalitis vaccines to Bavarian Nordic", "GSK buys 10% of CureVac in vaccine tech deal", "GSK buys out Novartis in $13 billion consumer healthcare shake-up", "Drugmaker GSK to split after striking Pfizer consumer health deal", "GSK to Acquire Celiac-Focused Sitari Pharmaceuticals", "Most-recognized brands: Anti-infectives, December 2013", "Gertrude Elion, Drug Developer, Dies at 81", "Press release: Malaria vaccine candidate reduces disease over 18 months of follow-up in late-stage study of more than 15,000 infants and young children", "Malaria vaccine candidate reduces disease over 18 months of follow-up in late-stage study of more than 15,000 infants and young children", "Scientists See Promise in Vaccine for Malaria", "Alli weight-loss drug recalled for tampering", "Coronavirus vaccine: UK signs deal with GSK and Sanofi", "U.S. agrees to pay Sanofi and GSK $2.1 billion for 100 million doses of coronavirus vaccine", "The Nobel Prize in Physiology or Medicine 1936", "The Nobel Prize in Physiology or Medicine 1982", Profile: Buyers Guide entry for GlaxoSmithKline, "Global alliance to eliminate Lymphatic Filariasis", "Private and Public Partners Unite to Combat 10 Neglected Tropical Diseases by 2020", "Research-based pharma pledges on neglected tropical diseases", "Global programme to eliminate lymphatic filariasis: progress report, 2014", "Drug giant GlaxoSmithKline pledges cheap medicine for world's poor", UNITAID Statement on GSK Patent Pool For Neglected Diseases, "GlaxoSmithKline unit joins patent pool for AIDS drugs | Reuters", "Medicines Patent Pool, ViiV Healthcare Sign Licence for the Most Recent HIV Medicine to Have Received Regulatory Approval", "Finance Committee Letter to the FDA Regarding Avandia", "Inside GSK's CASSPER Ghostwriting Program", "GSK to stop paying doctors in major marketing overhaul", "The Intimidation of Dr. John Buse and the Diabetes Drug Avandia", "Effect of rosiglitazone treatment on nontraditional markers of cardiovascular disease in patients with type 2 diabetes mellitus", "Rosiglitazone Evaluated for Cardiac Outcomes and Regulation of Glycaemia in Diabetes (RECORD): study design and protocol", "RECORD: Rosiglitazone Evaluated for Cardiac Outcomes and Regulation of Glycaemia in Diabetes - Full Text View", "Effect of Rosiglitazone on the Risk of Myocardial Infarction and Death from Cardiovascular Causes", "A Face-Off on the Safety of a Drug for Diabetes", "Staff report on GlaxoSmithKline and the diabetes drug Avandia", "Grassley, Baucus Release Committee Report on Avandia", "Glaxo's handling of Avandia concerns damned by US Senate committee", "Assessment of the cardiovascular risks and health benefits of rosiglitazone", "FDA Adds Boxed Warning for Heart-related Risks to Anti-Diabetes Drug Avandia. Established in the year 1924 in India GlaxoSmithKline Pharmaceuticals Ltd. (GSK Rx India) is one of the oldest pharmaceuticals company and employs over 3500 people. [115], In June 2007, The New England Journal of Medicine published a meta-analysis that associated the drug with an increased risk of heart attack. [140], In February 2011, The Finnish National Institute for Health and Welfare (THL) concluded that there is a clear connection between the Pandemrix vaccination campaign of 2009 and 2010 and the narcolepsy epidemic in Finland. GSK explained the reason for this was due to social distancing measures in place at their sites rendering the technology unnecessary.[168]. The inquiry was opened over allegations that the company had given over 4,000 hospital doctors money and free trips. In 1983, the American arm, Glaxo Inc., moved to Research Triangle Park (US headquarters/research) and Zebulon (US manufacturing) in North Carolina. About GlaxoSmithKline Pharmaceuticals Limited GlaxoSmithKline Pharmaceuticals Limited is a subsidiary of GlaxoSmithKline plc, one of the world's leading research-based pharmaceutical and healthcare companies, committed to improving the quality of human life by enabling people to do more, feel better and live longer. The building was erected at a cost of £300 million and as of 2002[update] was home to 3,000 administrative staff. [7] Legacy products developed at GSK include several listed in the World Health Organization's List of Essential Medicines, such as amoxicillin, mercaptopurine, pyrimethamine, and zidovudine. GLAXOSMITHKLINE LIMITED is located in Nairobi, Kenya and is part of the Pharmaceutical Manufacturing Industry. Established in 2000 by a merger of Glaxo Wellcome and SmithKline Beecham, GSK was the world's sixth largest pharmaceutical company as of 2015, after Pfizer, Novartis, Merck, Hoffmann-La Roche and Sanofi. [40], Chris Gent, previously CEO of Vodafone, was appointed chairman of the board in 2005. The homepage of the GSK USA website. By the 1960s Beecham was extensively involved in pharmaceuticals and consumer products such as Macleans toothpaste, Lucozade and synthetic penicillin research. Simon Neville, "GlaxoSmithKline fined $3bn after bribing doctors to increase drugs sales", The Guardian, 3 July 2012. The company had R&D facilities in Hertfordshire, Kent, London and Verona (Italy), and manufacturing plants in Scotland and the north of England. We research and develop a broad range of innovative products in three primary areas of Pharmaceuticals, Vaccines and Consumer Healthcare Visit this section Back Products ... GlaxoSmithKline plc. "Heart failure events with rosiglitazone in type 2 diabetes: data from the RECORD clinical trial". Subsidiaries of Bristol-Myers Squibb Company . GlaxoSmithKline Pharmaceuticals Ltd (BSE: 500660 NSE: GSKCONS) is an Indian subsidiary of GlaxoSmithKline plc, one of the world's leading research based pharmaceutical and healthcare companies. GSK paid doctors to promote these off-label uses, and set up supposedly independent advisory boards and Continuing Medical Education programmes. The drugs involved were Kytril, an antiemetic; Bactroban, used to treat skin infections; Paxil, the anti-depressant; and Avandamet, a diabetes drug. The merger was completed in December that year, forming GlaxoSmithKline (GSK). [66][67] On 3 December 2018, GSK announced that Unilever would acquire the Indian-listed GlaxoSmithKline Consumer Healthcare business for US$3.8 billion (£2.98 billion). Explore what life is like at GSK and apply now. [75], In September 2019, GSK announced it would acquire Sitari Pharmaceuticals and its transglutaminase 2 small molecule program for the treatment of celiac disease. The following are subsidiaries and affiliated corporations of the company at December 31, 2011 . [62][63], In December 2017, Reuters reported that Glaxo had increased its stake in its Saudi Arabian unit to 75% (from 49%) taking over control from its Saudi partner Banaja KSA Holding Company. "We have Frank and Vernon to thank for Ribena" Archived 18 April 2015 at the Wayback Machine, The Bristol Post, 17 September 2013. [113] GSK raised questions internally about the drug's safety in 2000, and in 2002, the company ghostwrote an article in Circulation describing a GSK funded clinical trial that suggested rosiglitazone might have a beneficial effect on cardiovascular risk. [160], Italian police sought bribery charges in May 2004, against 4,400 doctors and 273 GSK employees. The Justice Department said GSK had promoted rosiglitazone to physicians with misleading information, including that it conferred cardiovascular benefits despite an FDA-mandated label warning of cardiovascular risks. [141][142][143] Sweden however observed very few influenca cases totally in 2009 and especially 2010 as compared to most other years. [110], In July 2012, GSK pleaded guilty in the United States to criminal charges, and agreed to pay US$3 billion, in what was the largest settlement until then between the Justice Department and a drug company. [118][119] In July 2007, FDA scientists suggested that rosiglitazone had caused 83,000 excess heart attacks between 1999, and 2007. [14] Joseph Nathan's shareholders reorganised the group's structure in 1947, making Glaxo the parent[15] and obtained a listing on the London Stock Exchange. [12]:306 After Glaxo bought Meyer Laboratories in 1978, it began to play an important role in the US market. [157] In 2014, a Chinese court found the company guilty of bribery and imposed a fine of US$490 million. [23], Glaxo and Wellcome merged in 1995, to form Glaxo Wellcome plc. [9] It announced in 2013, that it would no longer pay doctors to promote its drugs or attend medical conferences, and that its sales staff would no longer have prescription targets. Doctors were alleged to have received cash based on the number of patients they treated with a cancer drug, topotecan (Hycamtin). [134][135], For 10 years GSK marketed Paxil as non-habit forming. [36][37] The company's global headquarters are at GSK House, Brentford, London, officially opened in 2002, by then-Prime Minister Tony Blair. In 1865, Mahlon Kline joined the business, which 10 years later became Smith, Kline & Co. [9] In 2001, 35 patients filed a class-action suit alleging they had suffered withdrawal symptoms, and in 2002, a Los Angeles court issued an injunction preventing GSK from advertising that the drug was not habit forming. [128] The boxed warning about heart attack was removed; the warning about heart failure remained in place. Michael Regester, Judy Larkin, Risk Issues and Crisis Management in Public Relations, Kogan Page Publishers, 2008, p. 67ff. [156] Chinese authorities arrested four GSK executives as part of a four-month investigation into claims that doctors were bribed with cash and sexual favours. ClinicalTrials.gov. Synflorix (pneumococcal polysaccharide conjugate vaccine (adsorbed)) Twinrix (for combined hepatitis A (inactivated virus) and hepatitis B vaccine (genetically derived surface antigen)) Typherix (typhoid vaccine (purified polysaccharide antigen)) Varilrix (for varicella (chicken pox) … Our Pharmaceuticals business has a broad portfolio of innovative and established medicines in respiratory, HIV, immuno-inflammation and oncology. Since 2010, GlaxoSmithKline has several times ranked first among pharmaceutical companies on the Global Access to Medicines Index, which is funded by the Bill and Melinda Gates Foundation. There are 912 companies in the GLAXOSMITHKLINE LIMITED corporate family. [83], Among these, albendazole, amoxicillin, amoxicillin-clavulanate, allopurinol, mercaptopurine, mupirocin, pyrimethamine, ranitidine, thioguanine, trimethoprim, and zidovudine are on the World Health Organization's List of Essential Medicines. 31 January 2012. GlaxoSmithKline company profile 2 Summary Business description GlaxoSmithKline (GSK) is one of the world’s largest research-based pharmaceutical corporations that discovers, develops, manufactures and markets branded human health products. [145], In the 1960s Glaxo Group Ltd. (Glaxo) and Imperial Chemical Industries (ICI) each owned patents covering various aspects of the antifungal drug griseofulvin.
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