GlaxoSmithKline http://wunc.org en Leaders Discuss How To Build NC's Biopharmaceutical Industry http://wunc.org/post/leaders-discuss-how-build-ncs-biopharmaceutical-industry <p></p><p><span style="line-height: 1.5;">GlaxoSmithKline hosted a gathering today in </span>RTP<span style="line-height: 1.5;"> for policy, non-profit and business leaders in the biopharmaceutical industry.</span></p><p><span style="line-height: 1.5;">Jack Bailey, a Senior Vice President at </span>GSK<span style="line-height: 1.5;">, says there are well over 100,000 North Carolinians working in the Life Sciences, 5,000 of them at his company.</span><br><br>“So it’s a very big important industry, it’s created a lot of jobs," Bailey says. "And really what we want to do today is start a discussion on how, at this great change in health care, we can make sure both federal, state and local policy decisions get made that continue to accelerate that innovation that comes out of companies like GSK.”</p><p> Fri, 26 Jul 2013 20:15:27 +0000 Leoneda Inge 19700 at http://wunc.org Leaders Discuss How To Build NC's Biopharmaceutical Industry GlaxoSmithKline Executive In China Confesses To Paying Bribes http://wunc.org/post/glaxosmithkline-executive-china-confesses-paying-bribes <p>Authorities in China say a number of senior executives working for <a href="http://us.gsk.com/">GlaxoSmithKline</a> in that country have been placed under criminal investigation for suspected bribery and tax related violations.&nbsp; The British pharmaceutical company's US headquarters are in Research Triangle Park.&nbsp;</p><p>In an interview broadcast on WUNC, the BBC’s John Sudworth reported that the ministry of public security said the employees offered large bribes to officials, medical associations, hospitals and doctors to boost drug sales.</p> Thu, 11 Jul 2013 14:48:27 +0000 BBC News 18758 at http://wunc.org GlaxoSmithKline Executive In China Confesses To Paying Bribes Glaxo Writes Off $3.4 Billion to Cover Avandia Costs http://wunc.org/post/glaxo-writes-34-billion-cover-avandia-costs <p></p><p></p><p>More bad news for Glaxo Smith Kline as the company attempts to account for the costs of Avandia litigation. .</p><p>GSK made the announcement in <span class="link-external"><a href="http://www.gsk.com/media/pressreleases/2011/2011_pressrelease_10014.htm">a statement posted on the company's website</a></span>. Glaxo will take a $3.4 billion write-off out of fourth quarter profits to cover liability costs for blockbuster diabetes drug Avandia. Wed, 19 Jan 2011 11:25:00 +0000 Rose Hoban 10252 at http://wunc.org Glaxo Writes Off $3.4 Billion to Cover Avandia Costs