GlaxoSmithKline consolidates U.S. headquarters, announces layoffs of 1,000
PHILADELPHIA GlaxoSmithKline, the maker of Abreva, Aquafresh toothpastes, Nicorette, Sensodyne and Tums will cut its workforce by about 1,800 jobs and make Research Triangle Park in North Carolina its permanent North American headquarters, replacing the current U.S. headquarters in Philadelphia, reports said today.
GlaxoSmithKline has had duel headquarters in the United States since the merger between Glaxo Wellcome and SmithKline Beecham was finalized in 2000, The Wall Street Journal today reported.
Today, GSK said that it will cut 1,800 positions, laying off about 1,000 people and eliminating hundreds of vacant positions, reports said.
GSK’s global headquarters are in London. The company is currently in the midst of belt-tightening in many departments due to growing pressure from the quickly expanding generic drug market and a decline in drug sales.
Women’s stress levels may be hit harder by economy, report says
WASHINGTON Women may be more prone to stressing out over poor economic conditions, which could have an impact on their health, a report from the Society for Women’s Health Research revealed last week.
Citing a recent survey from the American Psychological Association called “Stress in America,” SWHR noted that women are expressing fear about the current financial situation more than men. Women are also reporting physical and psychological symptoms, including sleep disturbances, headaches, mood swings and changes in appetite, in higher numbers than men.
Three quarters of male respondents to the APA survey expressed fear about the economy, compared to 84 percent of women.
“Women are sometimes more aware of the stress they are feeling,” Stephanie Smith, public education coordinator for the APA and a licensed clinical psychologist in Erie, Colo., said. “They are often more willing to talk about it and admit to the struggles they are having.”
Women also tend to be the primary caretakers for most families, which in times of economic crisis, can add to the burden. “Women have many roles to play in life. They are often the primary caregivers for children and the older generations [aging parents], as well as workers in industry,” Smith said.
In addition, many of the traditional household responsibilities end up falling on the shoulders of women. “As much as things have changed over the years, women still tend to do more of the household work,” Smith said, referring to cooking, cleaning and laundry. “Taken together, these things often lead to more stress in women, because they just have more things to be stressed about.”
Women are more likely to report unhealthy behaviors, including eating poorly and excessive shopping and napping as a response to stress. They are also more likely than men to report physical symptoms of stress, including headaches, exhaustion and depression.
SilverScript announces continuation of Medicare Rx drug plan options
WOONSOCKET, R.I. A subsidiary of CVS Caremark announced Friday that it would continue offering several Medicare Prescription Drug Plan options next year in all 34 domestic Medicare regions and Puerto Rico.
SilverScript offers Medicare beneficiaries three plans, depending on patients? budgets and healthcare needs. They range from SilverScript Complete, a zero-deductible plan that covers generics through retail and mail-order pharmacies and copays as low as $6 for 90-day supplies, to SilverScript Value, a low-premium plan designed for beneficiaries who take few medications but want coverage in case their health needs change.
“Medicare beneficiaries will again have three SilverScript plan offerings to consider when selecting the prescription drug coverage plan that best fits their healthcare and medication needs,” CVS Caremark vice president for Medicare Part D services Jim Maritan said.