glaxosmithkline plc News

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Human Genome adopts 'poison pill' measure

ROCKVILLE, Md. -Biotech drugmaker Human Genome Sciences Inc. has rejected an unsolicited $2.59 billion takeover bid by GlaxoSmithKline PLC, the British pharmaceutical giant that spent nearly two decades helping the smaller company bring its first drug to market.

AOL MONEY & FINANCE

GlaxoSmithKline in takeover bid for Human Genome

LONDON -GlaxoSmithKline PLC has tabled an offer to take over U.S. drug maker Human Genome Sciences Inc. which values the target at nearly $2.6 billion.

glaxosmithkline plc News From the Web

06/01/12 UPDATE: Human Genome (HGSI) Rejects GSK's (GSK)... Source: StreetInsider.com Ã¢The HGS Board of Directors has rejected GSKÃ¢s unsolicited $13.00 per share offer, after concluding unanimously that the GSK offer is inadequate, does not reflect the value inherent in HGS and is not in the best interests of our stockholders.
06/01/12 Human Genome calls GSK offer inadequate, says sales... Source: Theflyonthewall.com
06/01/12 ASCO '12: Bristol Drug Unlocks Immune System to Target... Source: TheStreet.com CHICAGO ( TheStreet ) - -An experimental drug from Bristol-Myers Squibb ( BMY ) that helps the immune system attack cancer cells was able to shrink tumors in patients with melanoma, kidney and non-small cell lung cancers, according to results from an early-stage study being presented later today at the American Society of Clinical Oncology (ASCO) annual meeting.
06/01/12 MARKET PULSE: U.S. stocks on the move: Honeywell, HP,... Source: Reuters The image sensor maker on Thursday reported a quarterly profit that missed Wall Street expectations and forecast weak earnings for the current quarter, as inventory write-downs dented its gross margins.
06/01/12 GSK strengthens partnership with McLaren and announces... Source: Flagworld GlaxoSmithKline (GSK) announced today a new element to their existing strategic partnership with the McLaren Group.

Background on glaxosmithkline plc

GlaxoSmithKline plc (GSK) (, ) is a British multinational pharmaceutical, biologics, vaccines, and consumer healthcare company headquartered in London, United Kingdom.

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