Cuts Are Coming for Glaxo R&D
GlaxoSmithKline is going to cut R&D and other expenses as part of an effort to lower costs. The company wouldn’t specify how many jobs will be lost. But CEO Andrew Witty said that the figure in the U.K., where Glaxo is based, would likely be in the hundreds, Dow Jones Newswires reports . The Times of London and the Financial Times reported a few days back that GSK was planning to cut 3,000 to 4,000 jobs. In its fourth-quarter earnings release today, the company said it is proposing the “cessation of discovery research in selected areas including depression and pain,” and looking to establish a new unit for research into rare diseases. The company says it plans to save an…
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Little did I know, She was Only 16 years old.
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Mayor's Family Terrorized, Dogs Killed, in Drug Bust Mix-up
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