GlaxoSmithKline Settles More Avandia Lawsuits

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GlaxoSmithKline Plc has settled thousands more lawsuits brought by patients alleging its Avandia diabetes drug caused heart attacks, in a move that may defuse potentially massive claims over the medicine.

According to a Reuters report, a spokeswoman for Glaxo said that consolidated cases which had been due to come to court in Philadelphia this month had been settled.

This settlement follows a separate settlement of some 700 cases last month for about $60 million.

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