Archives for February 22, 2011

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Update

LAB Research's Canadian lender appoints receivers

By Gareth Macdonald

Lab Research's main Canadian lender has obtained an order appointing receivers under section 243 of the bankruptcy and insolvency act after the firm's US private equity suitor lost interest in a takeover.

GSK cuts 50 jobs at US neurosciences site

By Alexandria Pesic

GlaxoSmithKline (GSK) has confirmed that job cuts in its neurosciences group will affect less than 50 people, but half those cuts are coming from the company's US headquarters in North Carolina.