News

US aerospace giant Boeing has unveiled a record $10 billion (£6.1 billion) share buyback and 50 per cent hike in the dividend.

IN BRIEF : Zantac wins over-the-counter clearance

Glaxo Wellcome, the pharmaceuticals group, has won regulatory approval for its non-prescription version of Zantac, its anti-heartburn treatment. The clearance opens up a new market for Zantac, competing with rival treatments such as Pepcid, produced by Merck, and Tagamet, from SmithKline Beecham.

pounds 682m Glaxo disposal chips at debt mountain

NIGEL COPE

Impotence: it's the worst a man can get

Millions of men in Britain cannot get erections. Far from being funny, the result for many is deep unhappiness. But, reports David Cohen, there is at least one cure for the majority of cases

Glaxo delay gives Wellcome chance

Analysts believe Wellcome's chances of fighting off the hostile £9bn-plus takeover bid from Glaxo by finding an alternative white knight bidder have received a boost from the predator's delay in posting its official offer document.

Wellcome puts aside pounds 52m for set-up

WELLCOME has put aside pounds 52m to cover the set-up costs of its joint venture with Warner Lambert to sell its medicines over the counter, writes Gail Counsell.

Glaxo pipped at post by Lilly's dollars 4bn bid for PCS: Failure to acquire McKesson casts shadow over US healthcare market strategy and sends shares lower

GLAXO has been outmanoeuvred by Eli Lilly, the drug company whose products include Prozac, the anti-depressant, in the race to buy PCS Health Systems, one of the largest pharmaceuticals benefit managers in the US.

Decision time for UK drug companies: Gail Counsell says the big three must act soon to counter the threat from US healthcare changes

'CONSIDERING a range of options' is the stock response of the likes of Glaxo, Wellcome and Zeneca when the subject of US healthcare reform is raised.

Gum wars: dentists lead the way

IN MEASURING the intensity of Britain's chewing-gum 'war', a stroll along any British street would be in order. Almost every paving slab bears multiple traces of chewed and discarded gum: ubiquitous encrustations removable neither by nature nor municipal brush. On London's City Road last week, I counted 326 of them on 50 yards of pavement.

Wrigley pledge on gum display

WRIGLEY, Britain's leading supplier of chewing gum, has given assurances to the Office of Fair Trading that it will not remove competitors' chewing gum or their display stands from retail outlets without written authorisation from those controlling the premises, writes Mary Fagan.

Glaxo plans links in US

GLAXO is understood to be considering links with a number of American groups to tackle the increasingly competitive US market, writes Gail Counsell.

Glaxo drug wins wider US approval: Warner-Lambert sales threat - Clinton eases healthcare stance

US REGULATORS yesterday gave Glaxo approval for wider use of Zofran, its anti-nausea drug.

View from City Road: Blighted by uncertainty

Poor Zeneca. To have one key aspect of your business dogged by uncertainty thanks to the meddling of politicians may be regarded as a misfortune; to have two so blighted looks like downright carelessness.

Glaxo and Wellcome form drug giant: Warner-Lambert link creates world's biggest non-prescription firm - US deal combines producer and bulk-buyer

GLAXO and Wellcome, two of Britain's biggest drug companies, have teamed up with Warner-Lambert of the US to form the largest over-the-counter - non-prescription - pharmaceutical company in the world.

Ministers 'tearing guts out of drugs Bill'

The Government was yesterday accused of attempting to 'tear the guts' out of a private member's Bill that would provide more information about drug safety - just a month after allowing it a Second Reading, writes Nicholas Timmins.

Glaxo and ICI rapped over prices

GLAXO and ICI's American subsidiaries have been criticised in a US Senate report for increasing drug prices faster than inflation despite promises to the contrary.
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