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GlaxoSmithKlineGlaxoSmithKline (GSK) plc is a pharmaceutical company and healthcare company. The second largest pharmaceutical company in the world, in 2004, the company had sales of £20.3 billion and made a profit of £6.1 billion. It employs around 100,000 people worldwide, including over 40,000 in sales and marketing. Its worldwide headquarters is in Brentford, London, England, with dual US headquarters in Philadelphia and Research Triangle Park. The company is listed on the London Stock Exchange and New York Stock Exchange Stock Exchanges. It does most of its business in the United States, but has a presence in almost 70 countries. The company's CEO is Jean-Pierre Garnier (former COO of ''SmithKline Beecham'') and the non-executive chairman is Sir Christopher Gent. GSK was formed in December 2000 by a merger between Glaxo Wellcome and SmithKline Beecham, both the product of mergers themselves, as recently as 1995 for Glaxo and Wellcome. GSK was actually incorporated in December 1999 as part of the lengthy merger process. As a result of the mergers, the company has certain minor businesses which are not strictly within its larger interests. In 2004, pharmaceutical sales accounted for £17 billion of GSK's total sales. Sales are largely based around a small number of successful products, the Selective serotonin reuptake inhibitor paroxetine (paroxetine) accounted for £2.1 billion in sales alone. Other key products include: * Seretide (combination of the bronchodilator salmeterol and the steroid fluticasone, £1.6 billion) * Augmentin (amoxicillin & clavulinic acid, an antibiotic, £1.2 billion) * Wellbutrin (bupropion, an anti-depressant, £882 million) and * Avandia (rosiglitazone, a thiazolidinedione, £809 million). The company works hard to protect the patents of its drug formulations and their respective trademarks. It recently went to court to enforce patents on Augmentin (2002) and Paxil (2003), but lost both trials. At their Annual General Meeting on 19 May 2003, GSK shareholders rejected a motion regarding a £22 million pay and benefits package for Jean-Pierre Garnier. This is the first time such a rebellion by shareholders against a major British company has occurred, but is regarded as a possible turning point against other so-called "fat cat" deals within executive pay structures. In June 2004 the company had court proceedings initiated against them on allegations of fraud. The allegation is that the company suppressed research that shows that Paxil is little more effective than a placebo and increases suicidal feelings in young people, side effects which have commonly been reported by users for some time. ==Diversity== GlaxoSmithKline was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine. ==External links== *[http://www.gsk.com/about/background.htm Historical timeline including mergers that led to GlaxoSmithKline] *[http://biz.yahoo.com/ic/41/41781.html GlaxoSmithKline Yahoo! Company Profile] *[http://www.guardian.co.uk/uk_news/story/0,3604,1230156,00.html Glaxo faces drug fraud lawsuit] - The Guardian - June 2004 *[http://www.guardian.co.uk/business/story/0,3604,1294443,00.html And the medicine cabinet was bare] - The Guardian - September 2004 *[http://maps.google.com/maps?ll=40.15526533126831,-75.47592401504517&spn=0.010192394256591797,0.014312267303466797&t=k&hl=en Satellite image of the company Headquarters] *[http://www.ibpassociation.com Pharmaceutical Companies Listings] *[http://www.clinqua.com/ Clinical Research Services] *[http://www.kriger.com/training/index.htm Clinical Research Training] *[http://www.kriger.com/ International Clinical Research Services and Corporate Trainings] *[http://www.krctraining.com/ACRONYMS/index.htm Clinical Research Abbreviations and Acronyms] *[http://www.krctraining.com/CRA%20Definitions/index.htm Clinical Research Glossary / Definitions] *[http://www.kriger.com/international_modules/index.htm List of Food and Drugs Regulatory Agencies] *[http://www.krctraining.com/faq/faq.htm Clinical Research: Frequently asked questions] Companies traded on NASDAQ Companies based in CaliforniaBiotechnologypharmacologyclinical researchpharmaceutical indusrtyPharmaceutical companiesPharmaceutical companies of the United States Companies traded on NYSE GlaxoSmithKline:''As a result of the mergers the company has certain minor businesses which are not strictly within its larger interests.'' Anyone know what these certain minor businesses are? Enquiring minds want to know! --User:Pcb21 07:57 28 May 2003 (UTC) You could probably find out at thier web site.... google glaxosmithkline. :Ribena! User:Adamsan 01:00, 5 Jun 2005 (UTC) Glaxosmithkline#redirect GlaxoSmithKline See other meanings of words starting from letter: GGA | GB | GC | GD | GE | GF | GH | GI | GJ | GK | GL | GM | GN | GO | GP | GR | GS | GT | GU | GW | GX | GY | GZ |Words begining with GlaxoSmithKline: GlaxoSmithKline GlaxoSmithKline Glaxosmithkline GlaxoSmithKline_plc
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