| Sep 19, 2014
| 3:01 AM
China on Friday leveled a half-billion-dollar fine against British drugmaker GlaxoSmithKline after an investigation concluded that the company bribed physicians and hospitals to use its products.
One company executive was given a suspended three-year...
| Apr 22, 2014
| 8:31 AM
Swiss pharmaceutical titan Novartis AG on Tuesday announced an overhaul of its operations that involved several multibillion-dollar deals with GlaxoSmithKline intended to allow Novartis to focus on its oncology business and boost profitability, the...
| Apr 7, 2014
| 11:04 AM
British drug-maker GlaxoSmithKline said it is launching an investigation into claims of misconduct in Iraq.
The announcement comes months after China began looking into allegations of a bribery ring within the company's business in that country.
| Mar 27, 2014
| 11:17 AM
Staffers passing by a room in the U.S. House of Representatives office building earlier this month did double takes. Whom they saw inside were no ordinary Capitol Hill briefing attendees: rats, mice, guinea pigs and rabbits.
The presence of these...
| Jun 4, 2014
| 9:53 AM
The Illinois Attorney General on Wednesday announced the state was part of a $105 million settlement with GlaxoSmithKline LLC to resolve allegations that the company unlawfully promoted its asthma drug Advair and antidepressants Paxil and Wellbutrin....
| Mar 2, 2014
| 6:00 AM
BEIJING — The headline news on state-run Chinese Channel 13 was juicy: A mining tycoon and 35 others had been charged with running a mafia-style enterprise in Sichuan province, gunning down enemies in the street, bribing people and operating an...
| Feb 5, 2014
| 12:21 PM
The landmark decision by CVS Caremark on Wednesday to halt tobacco sales at its 7,600 U.S. drugstores by Oct. 1 ratchets up pressure on its larger rival, Deerfield-based Walgreen Co., to follow suit.
CVS, the nation’s No. 2 drugstore chain, said...
| Feb 5, 2014
| 5:11 PM
CVS Caremark Corp.'s imminent exit from the cigarette and tobacco business — an unprecedented move for a major pharmacy company — is being cheered by many medical professionals and lawmakers as a triumph of corporate responsibility over the...
| May 14, 2014
| 6:51 PM
The former head of GlaxoSmithKline in China was charged with corruption by local authorities after a probe that resulted in accusations that the drug maker ran a wide-ranging bribery scheme that included payoffs to doctors.
Chinese police alleged that...
| May 22, 2014
| 11:35 AM
For 85% of kids with a terrible cancer called acute lymphoblastic leukemia, chemotherapy is a cure-but not for Emily Whitehead. Diagnosed at 5, she suffered an infection from her first round of chemo and nearly lost her legs. Then the cancer came back;...
| May 8, 2014
| 2:26 AM
One of China’s most venerable dissident journalists was paraded on state television Thursday morning, apologizing for spilling state secrets that embarrassed the Chinese Communist Party.
The public shaming of Gao Yu, a 70-year-old grandmother who...