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GSK: Money-Green Outside, Pink-Slip Inside (In The Pipeline)

-FDA News

06/11/2008- In his blog, Derek Lowe considers possible reasons for GlaxoSmithKline’s major cuts in its research staff.

Lowe says it seems somewhat paradoxical that the company has been making major acquisitions lately yet is making substantial cuts in its workforce both domestically and abroad.

Lowe provides several theories on why the company is making the cuts, including the company’s recent safety issues with its diabetes drug, Avandia.

“The proximate cause of all this turmoil is probably the loss of all that Avandia revenue, although that may have just advanced the timetable on some decisions that the company was going to make eventually no matter what,” Lowe writes.

If you or a loved one have experienced an Avandia heart attack, or Avandia stroke, Avandia congestive heart failure, Avandia cardiovascular disease or if you have lost a loved one to an Avandia death you may be entitled to compensation. Contact the Avandia attorneys of Ennis & Ennis today for a free confidential case evaluation. Our on staff nurse and lawyers are standing by to answer any questions you may have regarding Avandia's side effects, a possible Avandia class action lawsuit, or any other type of Avandia litigation.

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