Us Safety Fears Hit Shares ; Pounds 3bn Wiped Off Value of Drugs Giant
Daily Post › November 20, 2004
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Summary
NEARLY pounds 3bn was wiped off the value of Cheshire-based pharmaceuticals giant Astra Zeneca yesterday after a US safety official raised concern over one of its key drugs.
David Graham, of the US Food and Drugs Administration (FDA), told the Senate Finance Committee that a closer review of anti- cholesterol drug Crestor was needed amid fears that it causes acute kidney failure.See the full content of this document
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Us Safety Fears Hit Shares ; Pounds 3bn Wiped Off Value of Drugs Giant
Astra shares fell 7% while Glaxo Smith Kline dipped 4% after Mr Graham said its Serevent treatment fo...
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