GlaxoSmithKline announces reduction in the investment into treatments for pain and depression

NewsGuard 100/100 Score

GlaxoSmithKline today said it had posted a strong performance in a challenging year with a return to sales growth for the first time since 2007.

In an interview on http://www.cantos.com CEO Andrew Witty also announced a reduction in the investment into treatments for pain and depression and a restructuring of R&D.

He said:

"Now obviously I don't like to see anybody leave the organisation or there to be any job losses. But the reality is that we do, from time to time, need to look at ways in which we can improve our probability of success."

SOURCE GlaxoSmithKline

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
Esketamine after childbirth cuts risk of postnatal depression by three-quarters