Posts Tagged ‘legal’
Glaxo takes £1.57bn legal charge
Glaxo takes £1.57bn legal charge
Charge covers costs and settlements over GlaxoSmithKline’s Avandia and Paxil drugs, and closure of factory in Puerto Rico GlaxoSmithKline is taking a £1.57bn charge to cover legal costs and settlements over two controversial drugs, Avandia and Paxil, and the closure of a factory in Puerto Rico. The British pharmaceutical company announced the charge to the City this morning, hours after winning …