Tuesday, July 31, 2007

UPDATE 1-Glaxo shares climb as U.S. panel backs Avandia

(Reuters) - LONDON, July 31 - Shares in GlaxoSmithKline Plc
, Europe's biggest drugmaker, gained more than 3 percent
on Tuesday after a U.S. advisory panel recommended its diabetes
pill Avandia should stay on the market.




Even though data suggested Avandia may increase the risk of
a heart attack for some patients, panel members voted 22-1 to
keep the medicine on sale -- but most advisers backed stronger
warnings on the widely used drug.


Read more at Reuters.com Government Filings News

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