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GSK to Take Charge of $2.36B Related to Paxil, Avandia.

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The New York Times (7/16, B2, Jolly, Harris) reports that UK pharmaceutical maker GlaxoSmithKline announced on July 15 that “it would take a second-quarter charge of $2.36 billion related to legal cases involving its drugs Avandia [rosiglitazone] and Paxil [paroxetine].”

This announcement comes one “day after an American medical advisory panel recommended that Avandia, a controversial diabetes drug, should either be withdrawn from the market or be severely restricted in its sales because it increases the risks of heart attacks.” According to GSK, “the charge announced Thursday, which will amount to about $2.1 billion after taxes, ‘includes provisioning for settled cases and an estimate for those cases which we have received and are still outstanding.'”

Read the full story here.


If you or a family member has been personally injured because of the fault of someone else: by the use of dangerous and defective drugs, bad products, or toxic injury etc then please contact the Dallas Texas Avandia Defective Drug Attorney Dr. Shezad Malik. For a no obligation, free case analysis, please call 214-390-3189 begin_of_the_skype_highlighting              214-390-3189      end_of_the_skype_highlighting or Contact Me Online.

The Dr. Shezad Malik Law Firm is currently evaluating and accepting Avandia Heart Attack and Heart Failure side effect cases.

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