Drug deals too pricey, says GSK exec

Pharma giant GlaxoSmithKline plc (NYSE:GSK) has done a dozen or so acquisitions and partnerships since Andrew Witty took over as CEO in May of 2008, and it would like to do more. But GSK R&D chief Moncef Slaoui (pictured) complains in an interview with Bloomberg published Friday that "desperate" rivals have are bidding the prices up too high.