Fool.co.uk: Stock Investing Advice | Stock Research
 

  Print   

Tuesday 09 September, 2003

GlaxoSmithKline PLC

GSK Statement

GlaxoSmithKline PLC
08 September 2003

Philadelphia & London, September 8, 2003





                                 GSK STATEMENT

              REGARDING LAUNCH OF GENERIC PAROXETINE HYDROCHLORIDE





GlaxoSmithKline (GSK) confirmed that a generic form of paroxetine hydrochloride
was launched by Apotex Corp. on Monday, September 8, 2003, triggering GSK's
license agreement with Par Pharmaceutical, Inc. Under the terms of the agreement
announced in April 2003, GSK will supply generic paroxetine hydrochloride
immediate-release tablets, manufactured by a GSK subsidiary, to Par for
distribution in the U.S. market.



GSK remains committed to Paxil CR, which now represents approximately 40% of new
Paxil prescriptions in the USA.  Immediate release forms of Paxil, including the
generic products, are not substitutable for Paxil CR as a generic equivalent.



GSK is continuing to pursue litigation for infringement of patents relating to
the immediate release form of Paxil against Apotex and other generic companies
in Philadelphia.  No trial date has been set for the Philadelphia litigation.
Separately, in March of this year a federal judge for the United States District
Court for the Northern District of Illinois (Chicago) ruled that GSK's patent in
the United States covering the hemihydrate form of Paxil is valid but not
infringed by Apotex's product. The patent expires in 2006. GSK is appealing the
ruling of non-infringement.  A date for the appeal court hearing has not been
set.



GlaxoSmithKline, one of the world's leading research-based pharmaceutical and
healthcare companies, is committed to improving the quality of human life by
enabling people to do more, feel better and live longer. For more information,
please visit the company's web site at www.gsk.com.



SM Bicknell

Company Secretary

8th September 2003



GSK Inquiries


US Media inquiries:                 Nancy Pekarek                (215) 751 7709
                                    Mary Anne Rhyne              (919) 483 2839
                                    Patty Seif                   (215) 751 7709

UK Media inquiries:                 Martin Sutton                020 8047 5502
                                    Chris Hunter-Ward            020 8047 5502
                                    David Mawdsley               020 8047 5502

US Analyst/Investor inquiries:      Frank Murdolo                (215) 751 7002
                                    Tom Curry                    (215) 751 5419

European Analyst/Investor           Duncan Learmouth             020 8047 5540
inquiries:                          Philip Thomson               020 8047 5543
                                    Anita Kidgell                020 8047 5542




                      This information is provided by RNS
            The company news service from the London Stock Exchange

Investegate takes no responsibility for the accuracy of the information within the site.


The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.



Investegate      © 2012 Financial Express. All rights reserved.