CSL admits to clumsy communications

Company News


CSL Limited (ASX:CSL) says its handling of a glitch that cut the supply of Benzylpenicillin was “clumsy”.

Chief Brian McNamee told media the biopharmaceutical company suffered from being the last supplier of the crucial antibiotic.

His admittance comes a month after CSL rationed the use of the drug because of a delivery delay from its Austrian supplier. He told the Australian it wasn’t as if the company was given a natural monopoly of the business, but "communications were clumsy".

Earlier this month CSL placed $US750 million of debt into the US private placement market, one of the largest issues made by an Australian company.

CSL was also under fire last month after a series of manufacturing flaws in its US laboratories was revealed.

CSL Limited (ASX:CSL) reported a net profit of $940.6 million for the six months to June this year.


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