LONDON -- GlaxoSmithKline PLC (GSK) was fined 37.6 million pounds ($54.3 million) by the United Kingdom's antitrust watchdog over pay-for-delay deals that held back sales of generic versions of its antidepressant
Seroxat.
The fine was handed down by the Competition and Markets Authority (CMA) which said Glaxo made more than PS50m of payments to companies making cheaper generic versions of its anti-depressant
Seroxat to delay them coming to market.
During this period, GlaxoSmithKline plc (GSK), a supplier of
Seroxat, an anti-depressant medicine called paroxetine, made payments and other value transfers to suppliers of generic versions of paroxetine, which totalled more than GBP50m.
The Office of Fair Trading claims the pharmaceuticals giant, worth PS26.4billion, made "substantial payments" to three firms to stop them producing generic versions of antidepressant
Seroxat.
The Office of Fair Trading alleges that Glaxo offered "substantial" payments to Alpharma, Generics and Norton Healthcare to hold off from supplying rival medicines to its blockbuster
Seroxat treatment.
These include warfarin, used for heart disease, the painkiller codeine, Piriton allergy tablets, the antidepressant
Seroxat and the sleeping pill Nytol.
I tried to stop taking
Seroxat after two years and felt awful.
The studies compared the effects of St John's Wort with placebos and a wide range antidepressants, including Selective Seretonin Re-uptake Inhibitors (SSRIs) such as Prozac and
Seroxat.
The drug, made by pharmaceutical giants GlaxoSmithKline, is sold as
Seroxat in the UK and Paxil in the US.
I refer specifically, in this instance, to the debacle with Glaxosmithkline and the drug
Seroxat. According to the Medicines and Healthcare Products Regulatory Agency, there is no prospect of a conviction, despite the fact that evidence shows that GSK knew of the dangers with the drug being taken by under 18s.
The Medicines and Healthcare Products Regulatory Agency (MHRA) said it remained concerned that GSK failed to raise the alarm earlier over the side-effects of
Seroxat.