GSK's nicotine patches and gum feel the heat from e-cigarettes

January 16, 2015 10:51 AM

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LONDON (Reuters) - GlaxoSmithKline is feeling the heat from the rapid growth in electronic cigarettes, with enthusiasm for the nicotine delivery devices dampening sales of the British drugmaker's patches and gum, its chief executive said.

In an interview with Reuters, Andrew Witty also said he and his team had spent "a few days" exploring whether the drugmaker should compete directly by becoming an e-cigarette maker, but had swiftly decided against it.

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