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GlaxoSmithKline Adopts Multi-Faceted Strategy for China

publication date: Mar 5, 2012
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GlaxoSmithKline is willing to explore all paths to increase its China presence. CEO Andrew Witty said the company is looking at a range of strategies in China, including acquisitions, more SFDA drug approvals, building its R&D effort, and adding personnel to its already large 4,000 member sales force. Even though China’s government is reducing prices on drugs, China’s market – already big and growing quickly – is too attractive a target for GSK to ignore. More details....

Stock Symbol: (NYSE: GSK)

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