A “Global Threat”: Always good for a corporation’s bottom line

Drugs giant GlaxoSmithKline predicts swine flu gold rush

Britain’s biggest pharmaceutical company is preparing to sell £3bn worth of swine flu drugs this year, it emerged today. GlaxoSmithKline revealed its vaccine, one of the world’s first, could be available by September after the UK government placed advance orders for 60m doses.

It also disclosed that international governments were stockpiling large supplies of GSK’s anti-viral treatment Relenza, which can relieve swine flu symptoms. Worldwide sales from the two drugs are expected to reach £3bn by January, but the company rejected claims it was exploiting the pandemic – stressing that profits would be much lower once development costs were taken into account.

Yet another “global health threat” to give a good shot in the arm to some Big Pharma’s balance sheet. And if GSK is really smart, it’ll make sure to have its puppets in Congress make swine flu vaccinations mandatory.

[Thanks to Travis]

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6:29 am on July 23, 2009