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Glaxo's $3bn fraud payout

Drugs firm GlaxoSmithKline will pay three billion dollars (£1.9bn) in fines after admitting to the largest healthcare fraud in US history.

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Glaxo has 'learned from the mistakes that were made'

Sir Andrew Witty, Glaxo's chief executive, expressed regret yesterday and said the company had learned "from the mistakes that were made".

Today brings to resolution difficult, long-standing matters for GSK. Whilst these originate in a different era for the company, they cannot and will not be ignored.

On behalf of GSK, I want to express our regret and reiterate that we have learnt from the mistakes that were made.

We are deeply committed to doing everything we can to live up to and exceed the expectations of those we work with and serve.

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