Keywords: GlaxoSmithKline, 2009 financial results, R&D refocus, Emerging markets,

GlaxoSmithKline to refocus some research and seek efficiencies, despite posting huge 4th-qtr 2009 profits rise; applause from Science Minister

Article | 5 February 2010

Although not confirming recent speculation of 3,000 or so job cuts, UK headquartered drugs giant GlaxoSmithKline revealed that it plans to cut more costs, aiming for savings of some £500 million ($802 million; R&D 50%; SG&A 50%) by 2012, and abandon some areas of research - including depression and pain, instead focussing on neurodegenerative and neuroinflammatory diseases such as Alzheimer's, multiple sclerosis and Parkinson's disease - in order to improve R&D productivity.

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