GSK Found Guilty of Bribery in China

GSK.LN in Your Value Your Change Short position                        A Chinese court  found GlaxoSmithKline's  local subsidiary guilty of bribery and fined the company nearly $500 million, capping a scandal that has shaken China's pharmaceutical industry.

Chinese authorities accused GSK of bribing hospitals and doctors, channeling illicit kickbacks through travel agencies and pharmaceutical industry associations — a scheme that brought the company higher drug prices and illegal revenue of more than $150 million between 2009 and 2012. 

Police seize millions in huge fake viagra swoop

Police in several European countries have arrested 12 people and seized millions of euros in assets in a swoop on counterfeit Viagra dealers. Law enforcement authorities in Austria, Belgium, Cyprus, Hungary and the United Kingdom took part in simultaneous operations to stop the distribution of counterfeit, prescription-only medicines (mainly erectile dysfunction pills), the laundering of the related proceeds, and to address the impact of these counterfeit medicines on public health in the European Union.

Ebola vaccine trials fast-tracked by international consortium

A candidate Ebola vaccine could be given to healthy volunteers in the UK, The Gambia and Mali as early as mid-September, as part of a series of safety trials of potential vaccines aimed at preventing the disease that has killed more than 1,400 people in the current outbreak in west Africa. Human trials of this candidate vaccine, being co-developed by the US National Institutes of Health (NIH) and GlaxoSmithKline, are to be accelerated with funding from an international consortium in response to the Ebola epidemic, which the World Health Organization recently declared a public health emergency of international concern.

H Roche μειωνει τις θεσεις εργασίας στην Ισπανια αντισταθμιζοντας την μειωση τιμων στα προϊόντα της

Η Roche παρουσίασε ενα σχεδιο αναδιάρθρωσης της επιχειρηματικής της δραστηριότητας στην Ισπανία, το οποίο θα επηρεάσει δεκάδες θέσεις εργασίας. Το σχεδιο έρχεται να αντισταθμίσει την  καθοδική πορεία των πωλήσεων καθώς και τη μείωση τιμών  των προϊόντων της, στην Ισπανική αγορά.