Particle.news
Download on the App Store

GSK to Cut Up to 350 R&D Jobs in US and UK

New CEO Luke Miels is refocusing resources toward late-stage programs despite higher overall R&D spending.

Overview

  • Up to 350 R&D roles are set to go across the US and UK, with about 50 posts expected at Stevenage, subject to final confirmation in the coming months.
  • GSK says R&D investment rose to £6.4 billion in 2024—nearly 90% higher than in recent years—and will increase to back priority medicines.
  • Luke Miels, who became chief executive in January, is due to present his first full-year results this week.
  • Reporting indicates management is weighing potential cost savings and European manufacturing footprint changes pending late-stage trial readouts.
  • In January GSK agreed to buy RAPT Therapeutics to strengthen its inflammatory and immunology pipeline beyond 2031.