Talk:Allen McClay

	Northern Ireland portal This article is within the scope of WikiProject Northern Ireland, a collaborative effort to improve the coverage of Northern Ireland on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.Northern IrelandWikipedia:WikiProject Northern IrelandTemplate:WikiProject Northern IrelandNorthern Ireland-related articles
Low	This article has been rated as Low-importance on the project's importance scale.

Biography

This article is within the scope of WikiProject Biography, a collaborative effort to create, develop and organize Wikipedia's articles about people. All interested editors are invited to join the project and contribute to the discussion. For instructions on how to use this banner, please refer to the documentation.BiographyWikipedia:WikiProject BiographyTemplate:WikiProject Biographybiography articles

External links modified

Latest comment: 7 years ago1 comment1 person in discussion

Hello fellow Wikipedians,

I have just modified 3 external links on Allen McClay. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:

When you have finished reviewing my changes, you may follow the instructions on the template below to fix any issues with the URLs.

This message was posted before February 2018. After February 2018, "External links modified" talk page sections are no longer generated or monitored by InternetArchiveBot. No special action is required regarding these talk page notices, other than regular verification using the archive tool instructions below. Editors have permission to delete these "External links modified" talk page sections if they want to de-clutter talk pages, but see the RfC before doing mass systematic removals. This message is updated dynamically through the template {{source check}} (last update: 5 June 2024).

If you have discovered URLs which were erroneously considered dead by the bot, you can report them with this tool.
If you found an error with any archives or the URLs themselves, you can fix them with this tool.

Cheers.—InternetArchiveBot (Report bug) 09:09, 2 July 2017 (UTC)Reply

Controversy around original investors in Galen

Latest comment: 4 years ago1 comment1 person in discussion

When Allen McClay founded Galen, he raised money by selling stock in holding companies representing regions of Northern Ireland to GPs from each area. The holding companies held stock in Galen itself. Some years later, the BMA issued an advisory notice for GPs to be careful around prescribing drugs made by companies in which they owned shares, and McClay used this to persuade a number of the investors to sell their shares in the holding company back to him. Some of the GPs held on to their shares in the holding company, though, because there was no legal need to divest.

The shares in Galen itself were all sold, later shares in different pharmaceutical companies, including Boots, were bought, then later sold, then later still shares in McClay's new veterinarian pharmaceutical company were held by the company and released. Eventually in the 80s the holding companies were closed down by accountants unqualified to do so, and investors were given small sums of money.

An attempt to have the companies reinstated, and all the share dealing by the officers of the holding companies investigated, failed at the first hurdle. — Preceding unsigned comment added by 80.2.10.233 (talk) 10:43, 31 July 2020 (UTC)Reply

Add topic