Navigation Links
GlaxoSmithKline Agrees To Settle Paxil Claims For $14 million

GlaxoSmithKline (GSK) has reached an agreement with Eliot Spitzer, New York Attorney General to settle claims that it deceptively tried to delay competitors from releasing the generic versions of its star anti-depressant drug Paxil.//

GSK was allegedly involved in a shady enterprise to keep the generic producers of Paxil in a bind of using frivolous patent-infringement lawsuits, thus managing to keep the cost of the drug in the high range. However, even after reaching the agreement, GSK denied the allegations, "We made the decision that settling was appropriate to avoid the expense and distraction of protracted litigation," a company spokeswoman said. But said Jay Nixon, Missouri Attorney General said, "GSK used the courts to hold onto a monopoly for a popular drug and the end result was that consumers - including Medicaid - paid more than they should have." The settlement of $14 million will go towards covering Paxil purchases by Medicaid, the state and federally funded medical programme for low-income patients.
'"/>




Page: 1

Related medicine news :

1. GlaxoSmithKline - Changes Lamictal(R) Label Appearance and Packaging
2. GlaxoSmithKline To Cultivate Non-Smoking Environment
3. GlaxoSmithKline to Supply United States with 8 Million flu vaccine, Fluarix
4. FDA Mislead On Asthma Drug By GlaxoSmithKline
5. GlaxoSmithKline Defends Its Products
6. GlaxoSmithKline launches diabetes and cancer drugs
7. Generic Products Compete With GlaxoSmithKline
8. GlaxoSmithKlines Zofran Helps In Treatment Of Dehydration In Children
9. GlaxoSmithKline’s Epilepsy Drug given the Green Signal by FD
10. GlaxoSmithKline’s Tykerb is to Be Started Earlier in Breast Cancer, Study Find
11. GlaxoSmithKline Signs Outsourcing Deal With TCS
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:1/17/2017)... MD (PRWEB) , ... January 17, 2017 , ... SC&H ... the firm as a Principal in its IT Advisory Services practice . Rossi ... recent months as market demand for strategic IT guidance grows, and the practice continues ...
(Date:1/17/2017)... ... January 17, 2017 , ... Seceon , the ... in real-time, today announced a strategic partnership with TechLab Security, a ... Seceon partners, TechLab Security has become a strategic partner and a value added ...
(Date:1/17/2017)... ... January 17, 2017 , ... The Sharie Withers Agency, a ... the latest beneficiary of their thriving community involvement program. The current campaign fundraises ... the dreams of terminally ill patients. Donations to this worthy cause may now ...
(Date:1/17/2017)... ... ... people make New Year’s resolutions or renew their commitment to better health with the start ... who want to kick off 2017 with better smiles. Dr. Mondavi is offering several promotions ... include: , , A new patient package for just $49, which ...
(Date:1/17/2017)... ... January 17, 2017 , ... Twelve ... State University’s Athletic Training Education program forged a relationship built upon the foundation ... Program, which is consists of both student members and certified members of the ...
Breaking Medicine News(10 mins):
(Date:1/17/2017)... , Jan. 17, 2017  OrthoAccel ® Technologies, ... (JCO) has published "The Effect of Vibration on ... Conducted by Dr. S. Jay Bowman , this ... II malocclusions, AcceleDent,s SoftPulse Technology ® speeds up ... also reducing the number of days to move the ...
(Date:1/17/2017)... , Jan 17, 2017 Research and Markets ... Healthcare Industry 2016-2020" report to their offering. ... The global fluoropolymer market in ... the period 2016-2020. Global Fluoropolymer Market in the ... analysis with inputs from industry experts. The report covers the market ...
(Date:1/17/2017)... 2017 Following an initial analysis, the ... Food and Drug Administration,s (FDA,s) final regulatory guidance ... by Pharmacies and Outsourcing Facilities." In its final ... pre-packaging -- which would have put patients at ... term care (LTC) pharmacies.  The ...
Breaking Medicine Technology: