MnetTV          Digital Library

Search Manufacturing.net Search Manufacturing.net
Today in Manufacturing.Net

Resources
Association Links
Bookstore
Digital Library
Events Calendar
Job Search
White Papers

Time to Market

News
Featured Articles
Financial News
Global Manufacturing
Government News
Mergers & Acquisitions
News Archive
People in the News

Download free Forrester Report

Market Sectors
Aerospace
Automotive/Transportation
Chemical/Petroleum
Food/Beverage
Medical
Metals
Pharmaceuticals/Biotech
Plastics/Rubber
Other Manufacturing

Free White Papers

Industry Focus
Design & Development
Electrical & Electronics
Energy
Environmental
Facilities & Operations
Labor Relations
Manufacturing Technology
Materials
Quality
Safety
Supply Chain

Job Search

Job Search


About Us
Editorial Contacts
Advertise with Us

Our Partner Sites
Chem.Info
ECN
Food Manufacturing
IMPO (Industrial Maintenance & Plant Operation)
Medical Design Technology
Pharmaceutical Processing
Product Design & Development
R & D Magazine
Wireless Design & Development
Wireless Week



 


Mnet house ad 120x240



GlaxoSmithKline Closing UK Plant
By Emily Flynn Vencat, AP Business Writer
Manufacturing.Net - November 11, 2008

Printer Friendly     E-mail to a Colleague


LONDON (AP) -- British drug maker GlaxoSmithKline PLC said Tuesday it is planning to close one of its English plants, which employs 620 people, by 2013 because the majority of drugs made at the plant are losing their patent protection and facing generic competition within a year.

The world's second-largest pharmaceutical company by revenue said that 60 percent of the production at its Dartford plant is of two drugs: Lamictal, which is used to treat epilepsy and bipolar disorder, and Valtrex, which is used to treat herpes.

Lamictal's patent expired earlier this year and generic competition for the drug will hit U.S. pharmacies in July. Valtrex's patent will expire next year.

As a result, GlaxoSmithKline's sales of the two drugs are set to dry up over the next several years, and so the company said it makes economic sense to shut the plant down by 2013.

"The proposal is no reflection on the professionalism and commitment of Dartford employees, but that of the fiercely competitive environment in which the pharmaceutical industry operates," said Joe Foley, director of GlaxoSmithKline's Dartford plant.

The announcement comes less than a week after the drug maker announced that it is reducing its U.S. sales force by 1,000 to cut costs amid growing competition from generic drugs, as increasing numbers of the company's profitable patents expire.

GlaxoSmithKline, the maker of antidepressant Wellbutrin and Requip for Parkinson's disease, currently employs around 100,000 people worldwide.

U.S.-traded shares of GlaxoSmithKline rose 25 cents to $37.85.


Printer Friendly     E-mail to a Colleague



Talkback!
Manufacturing.net is pleased to provide you an opportunity to share your opinions on any of the news stories or articles on our site. We reserve the right to edit/remove comments.
Viewing 1 User Comments
Add a Comment
Where to buy  11/11/2008 5:12:00 PM
Boys. Are we now going to buy drugs from China? God knows what Chinese drug companies will add to the ingredient to make more profit.


Add a Comment...

E-Mail:
The content of this field is kept private and will not be shown publicly.

Subject:
Comment:

 

     



  







Food/Beverage

Tyson Foods CEO Steps Down

Chinese Dairy Boss May Face Execution

Pilgrim’s Pride Brings Back Former CEO


Other Manufacturing

Caterpillar To Open New Plant In Arkansas

Waterford Wedgwood Files For Bankruptcy Protection

Bombardier Gets $2.1B Deal From German Railway

Medical

Johnson & Johnson Buys Mentor

Philips Cutting 1,600 Jobs

Medtronic Completes CryoCath Buyout
News Video