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Report - Essay Example

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GlaxosmithKline (GSK) is one of the biggest names in the pharmaceutical industry and currently GSK is a dominant business group in the pharmaceutical sector. GSK offers various varieties of medicines and vaccines. GSK’s caters to patients suffering from various diseases, such…
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Download file "Report" to see previous pages... GSK also owns and markets Aquafresh range of toothpastes, which may help smokers quit smoking. GSK’s principal pharmaceutical products include medicines in the therapeutic areas, such as respiratory, central nervous system, anti-virals, anti-bacterials, metabolic, vaccines, cardiovascular and urogenital.
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GSK has operated its business in 114 countries and sold products over 150 countries. The GSK operates in two segments: Pharmaceuticals and Consumer Healthcare. On June 5, 2008, GSK acquired Sirtris Pharmaceuticals Inc., a biopharmaceutical company. On October 14, 2008, group also acquired the Egyptian mature products business of Bristol Myers Squibb (BMS).
Reuters reported that on Tuesday, 31 Mar 2009, Shire plc has entered into a joint promotional agreement with GlaxoSmithKline plc for VYVANSE (lisdexamfetamine dimesylate) capsules. The aim behind this promotional agreement is to improve recognition and treatment of ADHD in adults. (Reuters, 2009)
On Wednesday, 25 Mar 2009 Reuters reported that GSK plans to take a significant stake in Aspen Pharmacare Holdings Limited. The reason behind this stake is to cement its current relationship into a long term bond which really makes a significant impression on the equity of both the companies. (Reuters, 2009)
Issues related to the Environment, health and safety are subject to the primary and core issue because the business in which GSK deals is very much sensitive due to its attachment with the humanitarian side of the picture. So GSK’s needs to ensure that their products are neither injurious for health and nor for the environment.
Lawsuits filed by patients, can be a result of adverse after-effects of any drug, which may bring a bad name and reputation for the firm, hence they need to ensure that no such window of risk is left open.
The directors and senior management should give keen emphasis on practicing the corporate ...Download file "Report" to see next pagesRead More
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