Monsanto Roundup Lawsuit

Friday, June 29, 2007

It never rains but it pours for GlaxoSmithKline

Source: age.com.au

Biota to beef up flu drug lawsuit

Biota plans to hike up its damages claim against Europe's biggest drugmaker for failing to promote flu drug Relenza properly.

Peter Cook, chief executive of Biota Holdings Ltd, said the Melbourne-based biotech firm would file its revised claim against GlaxoSmithKline next month.

Biota started its litigation in May 2004 and is currently seeking up to $A430 million in damages.

Cook said this original claim would be increased because it failed to take into account the recent explosion in demand for flu drugs, which are being stockpiled by governments around the world in case of a pandemic that may be triggered by bird flu.

Biota claims Glaxo failed to back it properly and so lost out when demand for flu drugs soared after the H5N1 bird flu virus re-emerged in Asia in 2003.

FULL STORY


D'oh! Another lawsuit for poor old GSK
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