As the pharmaceutical industry faces mounting scrutiny over drug pricing, GlaxoSmithKline Plc Chief Executive Officer Andrew Witty touted innovation as the best defense and pledged to highlight a product pipeline next month that would help withstand pressure from payers.
About 80 percent of the U.K. drugmaker’s pipeline is made up of first-in-class candidates, including an antibiotic in a new drug category to be discussed at a research and development presentation for investors on Nov. 4, Witty said at an event in London late Thursday.
