News

GSK set aside $3.4bn in last quarter of 2010 to cover legal costs

BMJ 2011; 342 doi: http://dx.doi.org/10.1136/bmj.d488 (Published 24 January 2011) Cite this as: BMJ 2011;342:d488
  1. Janice Hopkins Tanne
  1. 1New York

GlaxoSmithKline has set aside $3.4bn (£2.1bn; €2.5bn) to cover legal costs in the fourth quarter of last year. That amount wipes out the company’s profit for the fourth quarter, the news agency Reuters has reported. However, a GSK spokeswoman said that she could not give sales projections as they would be reported on 3 February.

In July the company set aside $2.36bn to cover costs related to product liability cases settled or received at that time and other problems, bringing the …

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