Wednesday, May 28, 2014

GlaxoSmithDecline: Some interesting headlines about the big drug company

GlaxoSmithKline is under investigation in the UK by the Serious Fraud Office (real name, seriously) ..


The criminal investigation is into the drug maker’s commercial practices, according to reports.. 


The New York TIMES details some more in its reporting on the matter, but neither the drug company nor the Fraud office are providing any more background on what the fraud accusations may be..   but we do know this from REUTERS: The drug company already is facing claims of bribery in China and four other countries.  


Shares are falling in the stock market..  


But across the world today, vaccines are still being administered to crying children in pediatricians’ offices en masse.


So Glaxo still has that going for it. Bribery or not.

No comments:

Post a Comment

SUPPORT THE COAL SPEAKER! CLICK ON THESE LINKS TO VISIT AND BUY PRODUCTS FROM AMAZON!