U.S.'s largest drug wholesaler looking to buy 50.01% stake in its German counterpart.
Hundreds born with severe defects after their mothers used the drug Thalidomide seek compensation.
Swiss drugmaker Roche Holding AG says it will propose that Christoph Franz be elected its next board chairman.
German drug and chemicals company Bayer AG says net profit rose 75 percent in the second quarter.
U.S. drugmaker agreed to buy Ireland's Elan in deal designed to expand overseas and reduce tax bill.
Officials are probing whether GSK employees bribed doctors and hospital administrators to prescribe its drugs.
The obesity drugmaker was in a proxy fight with First Manhattan Co.
The company said it expects full-year sales to grow at a rate in the low single-digits.
Four employees being questioned include a vice president and human resources director.
GSK employees said to have conducted bribery campaign to persuade doctors to prescribe drugs.
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