sexta-feira, 16 de julho de 2010

GlaxoSmithKline clears air with set-aside

LONDON, July 16 (UPI) -- British pharmaceutical firm GlaxoSmithKline said it would set aside $2.3 billion to cover legal costs involving two of its controversial drugs.

Investors responded positively to the news, making the assumption the $2.3 billion would be the ceiling on the firm's liabilities involving Paxil and Avandia, The New York Times reported Friday.

Earlier predictions had put the cost of the legal difficulties at $6 billion.