Posts Tagged ‘glaxosmithkline’

Switzerland suspends Glaxo’s rotavirus vaccine

Wednesday, March 31st, 2010

Tue Mar 23, 2010 2:49pm EDTRelated NewsUPDATE 3-Glaxo’s rotavirus vaccine use suspended – US

Mon, Mar 22 2010

ZURICH, March 23 (Reuters) – Switzerland has urged doctors to temporarily stop using GlaxoSmithKline Plc’s (GSK.L) Rotarix vaccine, regulators said on Tuesday, making it the latest country to caution against its use.

U.S. authorities and the company said on Monday doctors should temporarily stop using the vaccine against a diarrhoea-causing virus called rotavirus because the vaccine is contaminated with an apparently harmless pig virus. (more…)

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Two Teen Girls Take on GlaxoSmithKline

Sunday, March 21st, 2010

March 28th, 2007 by drval in News    This is one of the coolest David & Goliath stories I’ve heard of in a while. As part of a science experiment, two 14 year old girls from New Zealand set out to test the amount of vitamin C in a popular black currant drink. Ribena’s marketing campaign suggested that the black currants in Ribena syrup had four times the Vitamin C of oranges, but the teen girls discovered that the syrup actually had about ¼ the vitamin C of oranges, and that the ready to drink form of Ribena had no detectable Vitamin C content at all!   The Commerce Commission had pushed for a fine between $275,000 and $350,000 and corrective television advertising. Glaxosmithkline wanted a fine of about $60,000 and no corrective television advertising.   GSK has a worldwide turnover of more than $61 billion, second only to drug giant Pfizer. Although it’s unclear what the ultimate fine will be, this high school science experiment led to ensuring honesty in advertising. A far cry from the usual volcano/dry ice project that most of us worked on!   And by the way, Ribena is quite delicious.This post originally appeared on Dr. Val’s blog at RevolutionHealth.com.

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STOCKS NEWS EUROPE-Glaxo slips on new asthma drug warnings

Thursday, March 4th, 2010

STOCKS NEWS EUROPE-Glaxo slips on new asthma drug warnings

Fri Feb 19, 2010 3:20am EST

Stocks

GlaxoSmithKline PLC
GSK.L
1,234.50p
-9.00-0.72%
8:13am EST
AstraZeneca PLC
AZN.L
2,824.50p
+27.00+0.97%
8:14am EST
Novartis AG
NOVN.VX
CHF59.85
+0.85+1.44%
8:14am EST

GlaxoSmithKline (GSK.L) shares fall 1 percent after the U.S. Food and Drug Administration takes steps to cut the use of certain asthma drugs because of serious health risks, hitting prospects for the company’s top-seller Advair.

The move also affects products from AstraZeneca (AZN.L) and Novartis (NOVN.VX), but Glaxo is most vulnerable because its two-in-one inhaler is the market leader, with global sales of $7.8 billion in 2009.

Analysts at Morgan Stanley say the tighter rules are likely to push Advair volume growth back into negative territory.

“We see a likely worst-case impact as up to around 3 percent downgrade to 2011 sales and around 7 percent impact to EBIT,” they say in a note. Glaxo also faces a key Advair patent trial in Germany on Feb. 23.

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Paxil Ordered to Pay Woman $2.5 Million for Her Baby’s Birth Defects

Tuesday, October 27th, 2009

Monday, October 19, 2009

PHILADELPHIA — A jury ordered GlaxoSmithKline to pay $2.5 million to a woman whose son was born with serious heart defects after she took the antidepressant Paxil during her pregnancy.

The closely watched verdict handed down Tuesday in Philadelphia was the first of about 600 similar cases pending across the country that blame Paxil for heart problems and other birth defects.

The jury found GlaxoSmithKline guilty of negligence but not outrageous conduct, and rejected punitive damages. The company vowed to appeal.

“The adverse events started to come in the late 1990s, early 2000. The evidence was overwhelming and alarming,” said lawyer Jamie Sheller, who represented plaintiff Michelle David. “They could have known this way, way before they did, way before they changed the label in 2005.”

Paxil was classified as a drug with no known link to increased birth defects from its introduction in 1992 through 2005. The Food and Drug Administration began warning in September 2005 that Paxil may be associated with birth defects and strengthened the warning four months later.

David, 28, of Bensalem delivered her full-term son, Lyam Kilker, in October 2005.

He was diagnosed with heart defects two months later and spent five months in a Philadelphia hospital, undergoing surgery to repair two holes in his heart, lawyer Jamie Sheller said Wednesday. He also has a third, separate heart defect and will need at least one more surgery as he grows, she said.

David, a dance teacher and former Philadelphia 76er cheerleader, has no history of heart defects in her family, her lawyer said.

GlaxoSmithKline argues that birth defects occur in 3 to 5 percent of all live births, whether or not the mother took medication during pregnancy.

“The scientific evidence does not establish that exposure to Paxil during pregnancy caused his condition,” the drugmaker said in a statement. “Once approved for use, the company acted properly in marketing the medicine, including monitoring its safety, updating pregnancy information in the medicine’s labeling as new information became available, and in communicating important safety information to regulatory agencies, the scientific community and the public.

Plaintiffs lawyers will continue to pursue punitive damages in the hundreds of remaining cases, the next of which is set for trial in Philadelphia in November.

“We’re starting to chip away at this story, but even as we speak, we’re still fighting them, documents are still being produced, depositions are still being taken,” Sheller said.

Sales of Paxil totaled $849 million last year.

Paxil has competed fiercely in the marketplace at times with rival antidepressant blockbusters like Eli Lilly’s Prozac and Pfizer’s Zoloft. The drug no longer has patent protection and now competes against cheaper generic versions.

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