GSK closes meds unit

August 29, 2014

GLAXOSMITHKLINE (GSK) has confirmed it will close its Medicines Research Unit at the Prince of Wales Hospital in Sydney, which will see eight full time and five contract staff lose their jobs. The unit would close on 30 Sep, GSK said. It said changes to the global R&D landscape and so its business model had meant the volume of studies and type of work channelled through the facility had changed. However it would continue to conduct “globally sponsored” clinical trials (phase one to four) in Australia and New Zealand from its Melbourne office, it said. GSK Australia pharmaceuticals gm Geoffrey McDonald said sustainable R&D meant the company needed to continually monitor and maximise its return on investment. CLICK HERE for more.

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Pharmacy Daily | GSK closes meds unit

GSK closes meds unit

Other recent headlines

WA group stocks vapes

Fujitsu to protect against cyber threats

PD breaking news – Queensland pharmacies scope of practice pilot expanded

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES