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Twitchy Times At GSK As Activist Investor Takes Big Stake

Elliott Management Has History In Demanding Changes

 
• By Kevin Grogan

GlaxoSmithKline's market value has slipped in the past three years and the number of failures in the clinic have grown. The major's leadership will be casting nervous glances towards a major shareholder that has a reputation for aggressive restructuring calls.   

GSK_HQ
GSK under the spotlight • Source: Archive

In a week when a key oncology asset suffered a setback in the clinic and its vaccines R&D chief jumped ship, the news that activist hedge fund Elliott Management has taken a sizeable stake in GlaxoSmithKline plc has set tongues wagging over the future direction of the UK giant.

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