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BUSINESS: Glaxo faces drug fraud lawsuit

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posted on Jun, 3 2004 @ 01:31 AM

GlaxoSmithKline, Britain's Largest Drug Company, is facing fraud charges in the United States. The company is being accused of concealing information from clinical trials, that it's leading antidepressant caused suicidal behavior in children, and teenagers.

Glaxo faces drug fraud lawsuit
The civil lawsuit, filed by the combative and popular New York State attorney general Eliot Spitzer, claims that the company suppressed the results of at least four different studies that showed the drug, called Paxil in the US and Seroxat in the UK, at best was no more effective than a placebo and at worst was harmful. At the same time the company was said to be promoting the drug heavily to American doctors boasting of its efficacy and safety.

Mr Spitzer, who has successfully taken on big financial institutions, said the company had "engaged in repeated and persistent fraud".

On both sides of the Atlantic Seroxat has been accused of causing some children and adults to become violent and suicidal. In 2002, more than 2m prescriptions for Paxil were written for American children and adolescents to treat mood disorders and depression, equivalent to $55m (32.5m) in sales.

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Other Sources
Glaxo sued for 'drug claim fraud'

[Edited on 3-6-2004 by Ocelot]

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