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GlaxoSmithKline

This tag is associated with 3 posts

China gets tougher on foreign companies; foreign companies leave


Life is getting tougher for foreign companies. Those that want to stay will have to adjust. According to the late Roberto Goizueta, a former boss of The Coca-Cola Company, April 15th 1981 was “one of the most important days…in the history of the world.” That date marked the opening of the first Coke bottling plant … Continue reading

Perils of doing business in China – an Australian perspective


The perils of doing business in China have come into focus again recently, with allegations that staff from the British pharmaceutical giant GlaxoSmithKline paid $500 million in bribes over several years. Four executives from GlaxoSmithKline were arrested in July, while its British-born head of China operations has been prevented from leaving the country. There are … Continue reading

China targets foreign firms for charging more than inferior domestic products


China’s top economic planning agency is investigating costs and prices charged by drugmakers, including units of GlaxoSmithKline and Merck, as foreign firms come under pressure from Beijing over possible price-fixing. The move follows a separate probe into instant milk powder, which has already led to price cuts. The National Development and Reform Commission (NDRC) is … Continue reading

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