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GlaxoSmithKline Ends One Partnership, but Starts Another
Excerpt from the InvestorGuide.com Stock of the Day on 6/15/2009

Over the years, pharmaceutical company GlaxoSmithKline has engaged in partnerships with many other companies, working together to develop a number of different pharmaceutical products. Some have failed, while others have succeeded, which is a common result in the medical field where it takes a lot of experimentation and evaluation to judge the performance of any new drug. GlaxoSmithKline's announcements this morning were symbolic and indicative of the ups and downs that they themselves, as well as many other companies, have gone through throughout the years.

One of Glaxo's announcements was the proclamation of a new partnership with Dr. Reddy's Laboratories Ltd. (RDY: Charts, News, Offers). Dr. Reddy's is a pharmaceutical company based on India, and the two companies have decided to work together to develop and market new and existing products in some areas where the companies are not currently focused. These products will be developed by Dr. Reddy's, and probably co-marketed by both companies, and the new partnership will be targeting these products in Africa, the Middle East, Asia Pacific and Latin America. Full details of the deal have not yet been released, but the deal will allow both companies to expand their reach, and take advantage of each other's strengths. More >


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GlaxoSmithKline PLC (GSK) Upgrades

Date
Analyst
Old Rating
New Rating
10/16/2008
Merrill Lynch
Underperform
Neutral
02/11/2008
UBS
Neutral
Buy
02/09/2007
Bear Stearns
Peer Perform
Underperform
11/03/2005
Bear Stearns
Peer Perform
N/A
08/18/2005
JP Morgan
Neutral
N/A

GlaxoSmithKline PLC (GSK) Downgrades

Date
Analyst
Old Rating
New Rating
10/23/2009
Jefferies & Co
Buy
Hold
11/14/2008
UBS
Buy
Neutral
09/08/2008
Goldman Sachs
Neutral
Sell
05/27/2008
Morgan Stanley
Equalweight
Underweight
07/25/2007
Bear Stearns
Peer Perform
Underperform
03/22/2007
J.P. Morgan
Underweight
Neutral

GlaxoSmithKline PLC (GSK) New Coverage

Date
Analyst
Rating
03/17/2009
Credit Suisse
Outperform
01/26/2009
Jefferies & Co
Buy
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