Professor Rick Rylance: What starts in the tea room can end in the boardroom'

Research councils UK Champion for research careers

Cameron appoints new business advice council

David Cameron will today announce the membership of a new business advisory group that is set to meet quarterly to provide what Downing Street will describe as "high-level advice on critical business and economic issues facing the country". Its membership is made up of 17 leading businessmen, and two women.

GSK's Avandia banned in Europe on heart worries

Glaxosmithkline was dealt a blow last night when European regulators recommended that its blockbuster diabetes drug, Avandia, should be withdrawn from sale amid fears that the treatment could pose serious health risks.

Goldmans M&A expert to join GSK

Glaxosmithkline has appointed Goldman Sachs' leading European mergers and acquisition (M&A) banker, Simon Dingemans, as its finance director.

Genzyme hopes for higher bid from Sanofi-Aventis

Genzyme, the pioneering US biotechnology company whose drugs are among the most expensive in the world, is plotting tactics to extract as much money as possible for its shareholders in a takeover by the French pharmaceutical giant Sanofi-Aventis.

AstraZeneca's triple whammy of good news pleases market

AstraZeneca pleased the market with a triple dose of good news yesterday as it won endorsement in the United States for its new blood-thinning drug Brilinta, reported strong results and doubled its share buyback programme.

Lucozade and Irn-Bru to carry hyperactivity warnings

The makers of two of Britain's best-selling soft drinks, Lucozade and Irn-Bru, have been forced to warn parents that the drinks may cause hyperactivity. A newly introduced EU law compels both drinks to display a warning that they contain artificial colours linked to behavioural problems in young children.

Investment Column: Glaxo looks cheap as it turns back to basics

Hochschild Mining; Euromoney

David Prosser: Another twist to come at SSL?

Outlook Farewell, then, SSL International, the condom-to-footwear combine now being lined up for a sale. Nevertheless, investors should not assume – as many in the market seemed to yesterday – that Reckitt Benckiser's offer for the business is absolutely the last word on the sale process. While SSL recommends the Reckitt offer, other bidders may yet emerge.

Glaxo sets aside £1.6bn for outstanding lawsuits

The drugs giant GlaxoSmithKline disclosed yesterday that it has set aside a record £1.57bn to meet legal charges during the second quarter. The money will be ringfenced to end a number of legal wrangles, including most of the claims involving its diabetes treatment Avandia.

US regulator's panel declares Glaxo diabetes drug is safe

Glaxosmithkline's diabetes drug Avandia is safe enough to stay on the market, a panel of 33 medical experts decided last night at the conclusion of a contentious two-day hearing.

Swine flu plan cost £1.2bn but report praises response

Dealing with the swine flu outbreak that did not become the pandemic people had feared cost £1.2bn.

Stephen Foley: The best prescription for pharma firms

US Outlook: It was a legal battering in the US over the depression medicine Paxil that bounced GlaxoSmithKline into setting up an online register of all its clinical trial data, regardless of whether it had pushed to have the results of a study published in a medical journal. The company had been accused of burying studies which showed the medicine was less effective or more dangerous.

Breast cancer victims to be denied life-extending drug

Up to 2,000 women with advanced breast cancer will not be given access on the NHS to a drug that could extend their lives, it was announced yesterday.

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