Drugs giant GlaxoSmithKline predicts swine flu gold rush

Richard Wachman
London Guardian
Thursday, July 23, 2009

Britain's biggest pharmaceutical company is preparing to sell £3bn worth of swine flu drugs this year, it emerged today.

GlaxoSmithKline revealed its vaccine, one of the world's first, could be available by September after the UK government placed advance orders for 60m doses.

It also disclosed that international governments were stockpiling large supplies of GSK's anti-viral treatment Relenza, which can relieve swine flu symptoms.

Worldwide sales from the two drugs are expected to reach £3bn by January, but the company rejected claims it was exploiting the pandemic – stressing that profits would be much lower once development costs were taken into account.

Full article here

 


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