Pharmaceutical giant GlaxoSmithKline has agreed to plead guilty and pay $3bn (€2.38bn) to resolve criminal and civil allegations that it illegally promoted prescription drugs and failed to report safety data, the US said.

DRUGS giant GlaxoSmithKline posted a 17% fall in half-year profits yesterday as it continued to suffer from the impact of generic competition.

Pharmaceuticals giant GlaxoSmithKline posted a 17% fall in half-year profits today as it continued to suffer from the impact of generic competition.

Patients on some popular antidepressants should be closely monitored for warning signs of suicide, the US government warned today in asking the makers of 10 drugs to add the caution to their labels.

GlaxoSmithKline has reported a 14% rise in pre-tax profits to £6.7bn (€9.88bn) despite a 40% fall in sales of bestselling antidepressant Paxil.