Business Services Industry
Glaxo Dismisses Worries over Free-Trade Drug Deal.
Knight Ridder/Tribune Business News, June, 2004
By Bill Condie, Evening Standard, London Knight Ridder/Tribune Business News
Jun. 14--Drugs giant GlaxoSmithKline has dismissed as "fear-mongering" Australian concerns that a proposed free trade agreement with the US -- due to be debated in the Australian parliament this week -- could erode the country's subsidised pharmaceuticals scheme.
But a study commissioned by an Australian Senate committee inquiry into the free trade deal warns that prices of drugs in Australia could rise steeply.
The managing director of the Australian arm of Glaxo, Daniel Tasse, dismissed the findings, saying subsidised medicines will be protected under the agreement.
"If you look at the FTA, it will very clearly not amount to an increase in drug...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
