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GSK CEO Andrew Witty Under Fire About China During Q2 Call

 
• By Tamra Sami

GSK tried to highlight sales during its Q2 earnings call, but analysts and media grilled the CEO on GSK’s China bribery allegations, which Witty did not expand upon except to say that some execs acted outside of the company’s “processes and controls.”

GlaxoSmithKline PLC CEO Andrew Witty was fairly mum about the company’s alleged bribery charges in China during the company’s earnings call July 24. The CEO held a call with media to discuss China specifically, ahead of the company’s normal call, presumably to fend off China questions in advance.

Not surprisingly, journalists and analysts grilled him throughout both events, with some asking if the turn of events called into...

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50% tariffs on US imports from India, a range on others, an uncertain outcome of Section 232 investigations of pharma and talk of BRICS tariffs are making forecasting for the pharma industry extremely difficult, Scrip finds in this infographic analysis