U.S. issues warrant to seize Iranian tanker off Gibraltar
The United States has issued a warrant to seize an Iranian oil tanker caught in the standoff between Tehran and the West in a last ditch effort to prevent the vessel from leaving Gibraltar.
Ben Hirschler
Drugmaker GSK to split after striking Pfizer consumer health deal
LONDON GlaxoSmithKline plans to split into two businesses -- one for prescription drugs and vaccines, the other for over-the-counter products -- after forming a new joint venture with Pfizer's consumer health division. | Video
GSK slides after buying cancer firm Tesaro for hefty $5.1 billion
LONDON GlaxoSmithKline has agreed to buy U.S. cancer specialist Tesaro for $5.1 billion, a costly investment to rebuild the pharmaceuticals business by new Chief Executive Emma Walmsley that unnerved investors. | Video
Unilever swallows GSK's Indian Horlicks business for $3.8 billion
LONDON Unilever is to buy GlaxoSmithKline's Horlicks nutrition business for $3.8 billion (2.98 billion pounds), boosting the Anglo-Dutch group's position in India by adding the popular malted drink.
Millions left behind as diabetes drives surge in insulin demand
LONDON A global diabetes epidemic is fuelling record demand for insulin but tens of millions will not get the injections they need unless there is a dramatic improvement in access and affordability, a new study concluded on Wednesday.
Big pharma leaves big gaps: drugmakers urged to do more for poor
LONDON Many of the world's top drugmakers are not doing enough to provide medicines to poor countries, leaving big gaps in access to treatments in crucial disease areas, including cancer, according to a new report on Tuesday.
Boston Scientific builds medical technology with $4.2 billion BTG deal
LONDON U.S. medical device maker Boston Scientific Corp has agreed to buy Britain's BTG Plc for 3.3 billion pounds ($4.24 billion) in cash, adding technology to fight cancer and other serious diseases to its portfolio.