Drugmaker GlaxoSmithKlines emerging markets president Abbas Hussein told local daily Hurriyet that the company could not make profit in the past three years because of the governments drug pricing policy, yet GlaxoSmithKline still seeks a local company to acquire. GlaxoSmithKline had to sell its products at a lower price because of local authorities pricing policy, Hussein explained. The company currently does not produce drugs in Turkey and GlaxoSmithKline is interested in acquiring companies that produce cardiovascular drugs or companies with production facilities which add value to GlaxoSmithKline, Hussein said. Many local companies fit those criteria but it is difficult to find one that is for sale, Hussein asserted. |
The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more
The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more
US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more