Sex tape adds new twist in Glaxo China bribery case, Sunday Times says GlaxoSmithKline confirmed the existence of a sex tape showcasing the company's former China head, Mark Reilly, and his Chinese girlfriend, reported The Sunday Times. The tape marks a new development as the pharmaceutical company faces a bribery and corruption case in China. The video was sent by email to senior Glaxo management including the firm's CEO Andrew Witty. Reference Link
GlaxoSmithKline downgraded to Underperform from Neutral at BofA/Merrill BofA/Merrill downgraded GlaxoSmithKline to Underperform citing a lack of pipeline catalysts and its belief the European pharma sector is close to fair value.