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Wednesday 16 December 2009

GSK's liability might be $1billon but Pfizer's was $21 billion

clearly Pfizer is many times many many more times more culpable than GSK !! .........some people who are fixated on GSK need to get a grip on reality



"A liability totaling $1.5 billion is possible," Savvas Neophytou, a Panmure

Gordon analyst in London, wrote in a note to investors the day after the Kilker

verdict. He still recommended buying Glaxo shares because a likely appeal may

reduce the amount paid by the company.



In comparison, Pfizer Inc., parent of Wyeth, the maker of diet-drug combination

fen-phen, has had to set aside about $21 billion to resolve about 200,000

personal-injury claims over that medicine. Merck & Co. agreed to pay $4.85

billion to resolve more than 48,000 claims over the withdrawn painkiller.

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