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Take-Over Bid By Glaxo For Wellcome

EDM number 626 in 1994-95, proposed by Jim Cousins on 15/02/1995.

That this House notes the take-over bid by Glaxo for Wellcome; recognises the important role both companies have played in putting the United Kingdom amongst the leaders in the world pharmaceutical industry; is concerned at this recent turn of events and in particular the significant job losses which will undoubtedly occur as a consequence of streamlining research and development programmes, rationalising manufacturing facilities and reshaping the selling and administrative functions; criticises the decision of the Wellcome Trust to dispose of its total shareholding in Wellcome without apparent regard for the longstanding relationship between the Trust and the company or without obtaining assurances about the long-term interests of the employees at Wellcome; and calls upon Her Majesty's Government to develop an effective industrial strategy for the pharmaceutical industry which encourages co-operation and joint ventures for the benefit of all and avoids the distracting and damaging consequences of leaving the future of major United Kingdom companies entirely in the hands of the financial markets. (Relevant registered interest declared).

This motion has been signed by a total of 49 MPs.

Jim Cousins15/02/1995Newcastle upon Tyne CentralProposed
Colin Pickthall15/02/1995West LancashireSigned
Mike Watson15/02/1995Glasgow CentralSigned
Paddy Tipping15/02/1995SherwoodSigned
Gerry Steinberg15/02/1995Durham, City ofSigned
Joe Benton15/02/1995BootleSigned
Richard Caborn15/02/1995Sheffield CentralSigned
Andrew Miller15/02/1995Ellesmere Port & NestonSigned
Alice Mahon15/02/1995HalifaxSigned
Andrew MacKinlay15/02/1995ThurrockSigned
Helen Jackson15/02/1995Sheffield, HillsboroughSigned
Doug Hoyle15/02/1995Warrington NorthSigned
Alan Simpson15/02/1995Nottingham SouthSigned
Dawn Primarolo15/02/1995Bristol SouthSigned
Greg Pope15/02/1995HyndburnSigned
Hugh Bayley16/02/1995York, City ofSigned
Harry Barnes16/02/1995North East DerbyshireSigned
Tony Banks16/02/1995Newham North WestSigned
Norman Godman16/02/1995Greenock and Port GlasgowSigned
Neil Gerrard16/02/1995WalthamstowSigned
John Evans16/02/1995St Helens NorthSigned
Jim Dowd16/02/1995Lewisham WestSigned
Eric Clarke16/02/1995MidlothianSigned
Dale Campbell-Savours16/02/1995WorkingtonSigned
Bill Michie16/02/1995Sheffield, HeeleySigned
Alan Meale16/02/1995MansfieldSigned
Lynne Jones16/02/1995Birmingham, Selly OakSigned
Bill Etherington16/02/1995Sunderland NorthSigned
Peter Pike17/02/1995BurnleySigned
Bridget Prentice17/02/1995Lewisham EastSigned
Glenda Jackson17/02/1995Hampstead & HighgateSigned
Robert Parry20/02/1995Liverpool, RiversideSigned
Keith Bradley20/02/1995Manchester, WithingtonSigned
Michael Connarty20/02/1995Falkirk EastSigned
Alan Wynne Williams20/02/1995CarmarthenSigned
Barry Jones21/02/1995Alyn & DeesideSigned
Janet Anderson21/02/1995Rossendale & DarwenSigned
Paul Flynn21/02/1995Newport WestSigned
Ken Livingstone22/02/1995Brent EastSigned
Ronnie Campbell22/02/1995Blyth ValleySigned
John Gunnell22/02/1995Leeds South and MorleySigned
Robert Wareing22/02/1995Liverpool, West DerbySigned
Audrey Wise22/02/1995PrestonSigned
Anne Campbell23/02/1995CambridgeSigned
Michael Clapham28/02/1995Barnsley West & PenistoneSigned
Martyn Jones01/03/1995Clwyd South WestSigned
Mike Hall01/03/1995Warrington SouthSigned
Tommy Graham20/03/1995Renfrew West and InverclydeSigned
Jack Thompson29/03/1995WansbeckSigned

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