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GSK Announces £1.9 Billion Cost-Saving Plan and Stevenage Hub Closure

GSK has unveiled a £1.9 billion cost-saving initiative aimed at boosting its drug pipeline, which includes the closure of its historic Stevenage hub. The move is part of a broader strategy to enhance efficiency and investment in research and development.

28 Jul, 11:27 — 28 Jul, 11:27
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Showing 1 of 2 sources
FTVery High22h ago

GSK to shut historic Stevenage hub as it announces £1.9bn cost-saving drive

UK drugmaker hopes new Cambridge site will bolster pipelines of medicines

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Coverage Timeline

First report: Yahoo · 28 Jul, 11:20Full coverage: 2 · 7mWindow: 7m
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Yahoo28 Jul, 11:20First to report

GSK launches $2.5 billion savings drive to boost drug pipeline

FT28 Jul, 11:27Latest update

GSK to shut historic Stevenage hub as it announces £1.9bn cost-saving drive

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