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500m of £1.5 bil over GSK's Cidra plant ..... looks like they cleaning the house

July 20 2010 at 12:14 PM

Response to Unless perhaps....


While it did not break out the other components of the charge, Glaxo did disclose that the agreement in principle relating to quality problems at the Cidra plant was for a total of 500 million pounds, leaving 1.07 billion to cover claims for Paxil, Avandia and other products.

A company spokeswoman said the latest 1.57 billion pounds charge would be in addition to the company's current balance sheet legal provision of 2.3 billion pounds.

Avandia also faces scrutiny from the European Medicines Agency, which has launched a new review into the drug's risks and benefits and will discuss the matter July 19-22 in London.

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  1. The amount of cleaning they need to do, they should give a permanent working contract to.. - admin on Jul 20, 2010, 12:22 PM

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