http://www.gsk.com/media/pressreleases/2010/2010_pressrelease_10090.htm
This press release covers a Public Relations nightmare! The BBC program Panorama is running a special called "A Risk Worth Taking?" which outlines the reasons consumers should avoid the GSK med Avandia. This program also uses statements about the drug trial that was done outside of the GSK drug trial that make it seem like GSK is covering up evidence regarding Avandia's effects on heart disease!
This is a very well-written article and GSK is doing an excellent job of laying all of the facts out for consumers to make their own decisions in this case.
I have heard good and bad comments about Avandia. The drug is currently the subject of many lawsuits against GSK. Over 13,000 have been brought against the company due to the drug. As of July 2010, GSK has agreed to settlements on more that 11,500 of these suits. Although the drug may be helping some diabetic patients it is strongly linked to the cause of strokes
ReplyDeleteInvestors don't seem to be scared off by this -- stock price is climbing over the past few months.
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