Company news: GSK, Salix

Share this article:
GlaxoSmithKline returned marketing rights on epilepsy drug Horizant to XenoPort effective April 30, 2013. GSK agreed to buy $20 million of common stock in the company as part of the deal, and took a $165 million one-time charge for the transaction.

Salix Pharmaceuticals reported revenues up 27% to $185 million for the third quarter over the same period last year. Nine-month revenues were up 39% on strong sales of Xifaxan, which pulled in $367 million in the first three quarters of the year – up 43% over last year.
Share this article:
close

Next Article in Business Briefs

Email Newsletters

More in Business Briefs

Biologics have higher psoriatic arthritis adherence

A study of psoriatic arthritis patients found greater adherence among patients whose initial treatment was a biologic, compared to those who started with a non-biologic treatment.

IRS struggles with device tax

A Treasury report says the IRS is having trouble identifying who owes it money.

White House proposes Hobby Lobby alternative

A proposal by the Obama administration Friday seeks to keep contraception accessible and coverage approval at arm's length for employees of religious non-profits.