GSK to Profit From Sale of Non-Core Assets

At least three private equity firms are planning a bid for GSK non-prescription drugs, reports Reuters.

The products being bid for include over the counter painkillers and vitamin supplements. These sales are the product of GSK’s reduction of non-core products announced in February, representing 10% of the consumer healthcare business. Bids for the products are expected on 8th August, but will be negotiable. CEO Andrew Witty expects the deals to close in the fourth quarter of 2011 before adding that GSK will be looking for the best deal for shareholders to benefit.

Rival companies are unlikely to bid for all the products GSK is looking to offload, worth a maximum of around £2 billion. However because the products will not be sold as a single body, analysts believe that GSK will not be able to make that amount. The lack of coherence in the products on sale, other than, as one analyst says “stuff that GSK doesn’t want,” also means it will be difficult to sell the portfolio for such an amount in one go.

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GSK in Job and Tax Pledge

GlaxoSmithKline is set to create more UK jobs and pay more tax, helping the economy, reports the Guardian.

As CK Science has earlier reported, here, GSK is set to expand its UK operations, adding to the current 16,000 employees throughout Britain. Two sites in Scotland and one in county Durham are being looked into as locations to create new plants. This comes at a time when other companies with UK branches are scaling back their operations. Andrew Witty, GSK’s chief executive, has said that his company wants to “have more manufacturing and do more R&D work in Britain” leading to a greater amount of tax paid by GSK.

In the next few years, GSK expects to be a “net hirer” because the UK can strike a good balance between research and development support and competitive medicine prices. GSK has moved back into the black this year, recording a £1.1 billion profit in the second quarter, meaning that they can afford the expense of reopening UK operations.

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Sanofi and Dendreon Battle for UK Market

Sanofi, a leading pharmaceutical company, has launched new cancer drug Jevtana in the UK, reports inpharm.com.

EMA approval was granted after extensive phase III trials which indicated the drug extended the life of men suffering from a type of prostate cancer considerably. It also slowed the time it took the cancer to progress compared to standard chemotherapy drugs.

However, Sanofi will face competition from US firm Dendreon, as they seek to launch their drug Provenge into the European market. Ultimately, Provenge extends the patient’s life further and reduces the risk of death by nearly 25%, though it would cost £25,000 more to treat a single patient than Jevtana, so would struggle to be able to convince NICE that it is worth the extra cost.

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Our best Pharma & Biotech candidates…

The Consultants here at CK Science are currently helping some excellent candidates who are looking for new positions in the Pharmaceutical and Biotechnology Industries.

Please click on the links below to find out more about candidates currently based in your area:

South, UK

  • Assay/Cell Culture Scientist
  • Research Scientist
  • NPD Scientist
  • Method Development Scientist
  • Senior Microbiologist
  • QA Specialist
  • Formulations Chemist
  • Product/Manufacturing Technician

 

Midlands, UK

  • Validation Scientist
  • Pharmaceutical Analyst
  • Senior Laboratory Technician
  • QC Analyst

 

North, UK

  • QC Manager
  • GMP Technician
  • Senior Supervisor
  • Graduate Analyst
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Pharma Company buys Scottish Chemicals Plant

As reported by the BBC News, the pharmaceutical company, Bakhu Pharma have acquired the chemical plant, Phoenix Chemicals in a deal which could create 50 jobs within 12 months.

Bakhu Pharma is the third owners of the plant in three years and speaking of the deal, their chief executive stated,

“This was a last-minute rescue plan that was put together very quickly,” said Mr Leece.

“Annan was about to be decommissioned but thanks to a huge effort by a few people, we have rescued the business from the ashes.”

The Merseyside-based Phoenix Chemicals originally bought the plant with the help of a grant from the Scottish government of £400,000. However, the company went into administration in January 2011.

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Slow Sales for Boots in UK Stores

As reported by The Guardian, Boots has experienced a disappointing 1.7% increase in like-for-like sales in the UK, whilst their international parent company, Alliance Boots, recorded a bumper increase of 15.1%.

Executive chairman, Stefano Pessina thinks the tough conditions are likely to continue, and stated: “Looking to the year ahead, we are planning for consumer demand to be subdued and expect governments to continue to seek ways to contain growth in healthcare expenditure.”

Pessina also stared that as a group they will continue to focus their efforts on international expansion this year despite the challenging market conditions.

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Meet the recent addition to the CK Science team!

Carrie Ann Bell is one of the recent additions to the  ever expanding CK Science team and is based in our Durham office. Carrie Ann specialises in recruitment for the Pharmaceutical, Biotechnology, Medical Devices and Diagnostics industries.

Find out more about Carrie Ann by watching this short video:

[youtube]http://www.youtube.com/watch?v=2lLcmnuIm9Q[/youtube]

Want to meet the rest of the CK Science Team? Click here to visit the Meet the Team section of our website!

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Senior Protein Scientist Job – Berkshire, UK

We are currently recruiting for a Senior Protein Scientist to join a pharmaceutical laboratory based in Berkshire that performs a wide range of analytical contracts for a variety of pharmaceutical and healthcare companies.

In this Senior Protein Scientist role you will contribute to this through leading and performing a range of routine and investigative analyses applying your expertise in the MS analysis of proteins, peptides and PTMs, whilst working to GMP quality standards. 

Roles and Responsibilities:

As Senior Protein Scientist, you will have the following roles and responsibilities:

  • You will undertake a combined supervisory and practical role within defined business areas of the Biotech sector.
  • You will be working in a cross functional role in the Biotech sector which spans the Pharmaceutical laboratory, DNA and Protein laboratory but based in the Pharmaceutical laboratory.
  • You will be expected to play a key role in ensuring that delegated projects are managed effectively and that the customer’s requirements and contractual agreement are fulfilled in a timely manner.

 

Requirements:

The ideal candidate for this Protein Scientist position will have the following skills, knowledge and experience:

  • The ability to undertake a range of routine and investigative analyses including sample preparation and interpretation of results, primarily by MS but may also include other classical protein chemistry techniques.
  • The ability provide high quality customer service by ensuring effective workflow within the assigned area of responsibility, integrity of analytical data generated and timely/accurate provision of results.
  • The ability to manage client queries, produce accurate quotations and ensure client’s expectations are achieved.
  • You will be well organised and capable of working on multiple activities concurrently and will have meticulous attention to detail.
  • You will also have the ability to take responsibility for projects and the ability to be able to discuss, problem solve/troubleshoot clients’ specific needs and deal with client queries as appropriate.
  • Educated Degree level in a relevant scientific discipline (or equivalent) and will have an in-depth understanding of protein structure-function and glycan structures and experience in discovery, development and/or structural elucidation of proteins.
  • Demonstrable relevant laboratory experience in protein and glycoprotein analysis by MS including amino acid sequence analysis, peptide mapping, glycan characterisation and identification of other post-translational modifications is essential.
  • Demonstrable relevant laboratory experience in proteomics or metabolomics analysis using mass spectrometry is highly desirable as is experience of working to GMP.

 

How to apply:

For more information, or to apply for this Senior Protein Scientist position, please contact Jason Johal at CK Science on 01438 723 500 or email jjohal@ckscience.co.uk. Please quote reference ST21861 in all correspondence.

Apply online:

Click here to apply for this Senior Protein Scientist job now.

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New jobs at GSK’s first new biopharmaceutical plant in 30 years?

There is some speculation that the global pharmaceutical company, GlaxoSmithKline, are planning to open their first new UK factory in 30 years, potentially creating 1,000 new pharmaceutical jobs.

Andrew Witty, chief executive of GSK is said to have not ruled out Montrose as a possible location for the new factory. The Montrose site current has 230 permanent and  50 part-time staff on it’s payroll.

Speaking of the Montrose site, Witty stated, “It is extraordinary to think that a few years ago the Montrose plant was close to shutting.

But the workforce applied great brain power to cost and process efficiently and now we are bringing work back from India – and Montrose is where it is going.

This is a workforce that has outmanoeuvred the threat of closure.”

Other sites shortlisted as possible locations for the new biopharmaceutical site include Barnard Castle, County Durham,  Irvine and Ulverston.

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