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Q.

There are some reports that Glaxo Pharma is penalized for US$ 3 billion (INR 16,500 crore) for some fraud practice. Did it come to your notice? If so how you think it will impact this company in terms of its credibility and financial stability? Your views?

Tags: money, careers, pharma
Asked by Good Citizen, 04 Jul '12 02:22 pm
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Answers (3)

1.

Yes, i read the report some time back & it has dented the companies balance sheet quite a bit but the company as it is doing good in the pharma sector should be able to overcome this jolt soon to continue being the market leader!!
Answered by dharamender nebhnani, 04 Jul '12 03:25 pm

 
  
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2.

Credibility and financial stability !!! Nothing matters to them. Going by the amount of money that each of these majors make, it is nothing more than chicken feed for them. It is a multi-billion industry in the U.S. Americans are hooked to medicines like no other place and the medicines are exorbitantly placed. It is a whole sale racket among the companies, doctors, hospitals, insurance companies. I did read this news and you would have realised the kind of corruptive practice that the doctors succumb to. They are worse than vultures, who have fed on the helplessness of the people.

They make so much of money every year and the future prospects are no less, they will make it up in no time. Recently, Microsoft wrote off 6.2 Billion Dollars on the total failure of the purchase of an online advertising agency aQuantive in 2007 to challenge Google. Do you think they care? Why? Because once their products are in the market, the subsequent sales bring in more than 75% of the Sale price as ...more
Answered by Omega, 04 Jul '12 10:08 pm

 
  
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3.

Yes read it a few weeks back
Answered by rajan, 04 Jul '12 02:23 pm

 
  
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