Monsanto Roundup Lawsuit

Wednesday, July 21, 2010

Glaxo's Profits Hit New Depth

**Drum roll please

Bloomberg are reporting that GlaxoSmithKline's second- quarter profit slumped by a massive 92%, hurt by costs to settle lawsuits over the Avandia diabetes medicine and the Paxil antidepressant.

That's one hell of a drop for Glaxo's shareholders, earnings dropped to £130 million pounds or 2.6 pence a share, from £1.57 billion pounds, or 31 pence, in the same period a year ago.

Full report on Glaxo's website

Bloomberg article is HERE











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