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Glaxo SmithKline to close plant.

Drug maker GlaxoSmithKline GlaxoSmithKline plc (LSE: GSK NYSE: GSK) is a British based pharmaceutical, biological, and healthcare company. GSK is a research-based company with a wide portfolio of pharmaceutical products covering anti-infectives, central nervous system (CNS), respiratory,  PLC said it will close its plant in Cidra, opened in 196, due to declining sales of drugs including the diabetes treatment Avandia Avandia® Rosiglitazone Diabetes An agent used with conventional therapy as a first-line monotherapy for type 2 diabetes. See Type 2 diabetes. , reports AP (Oct. 24, 2007). The company will transfer production of Avandia and the related drug Avandamet to other facilities and reduce its work force in Cidra from 900 to about 250 by the end of this year, said Stef Mendell, a Raleigh, N.C.-based spokeswoman for the London-based company. Avandia sales were hurt by a New England Journal of Medicine The New England Journal of Medicine (New Engl J Med or NEJM) is an English-language peer-reviewed medical journal published by the Massachusetts Medical Society. It is one of the most popular and widely-read peer-reviewed general medical journals in the world.  article in May that said it raised the risk of heart attack by 43%. The FDA FDA
abbr.
Food and Drug Administration


FDA,
n.pr See Food and Drug Administration.

FDA,
n.pr the abbreviation for the Food and Drug Administration.
 ruled in July that Avandia could remain on the market.
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Title Annotation:PUERTO RICO
Publication:Caribbean Update
Date:Dec 1, 2007
Words:114
Previous Article:Plant closures, cutbacks.
Next Article:Bristol-Myers Squibb plant to close.
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