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Crunch time for GlaxoSmithKline's big heart drug bet

Started by riky, November 12, 2013, 09:00:30 AM

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Crunch time for GlaxoSmithKline's big heart drug bet

By Ben Hirschler LONDON (Reuters) - Cardiologists and shareholders in GlaxoSmithKline are about to learn if a big gamble on a new kind of heart medicine has paid off, with modest expectations creating a potentially big share price boost if the news is good. Britain's biggest drugmaker hopes its once-daily pill darapladib can prevent heart attacks and strokes by fighting clogged arteries in a completely different way from cholesterol-lowering drugs.

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