GlaxoSmithKline posts loss of 428 million pounds as it integrates new businesses
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London: British-based drugmaker GlaxoSmithKline posted a loss of 428 million pounds for the fourth quarter of 2015 compared with a profit of over 1 billion pounds for the same period a year earlier as the company moved to integrate new businesses.
Drugmakers like GSK have been trying to focus on strengths amid competition from generic drugmakers. Those deals included GSK's sale of its cancer-drug business to Novartis in a swap for the Swiss company's vaccines business and cash.
Drugmakers like GSK have been trying to focus on strengths amid competition from generic drugmakers. Those deals included GSK's sale of its cancer-drug business to Novartis in a swap for the Swiss company's vaccines business and cash.
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