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GSK turns around
Source: AP |
00:01 UTC+8 July 26, 2018
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Print Edition
Drug maker GlaxoSmithKline says second-quarter revenue was 7.3 billion pounds (US$9.6 billion), up 4 percent when discounting currency shifts, amid a promising performance of a new shingles treatment. Sales of the shingles treatment Shingrix made 167 million pounds, and the company increased its forecast for 2018 sales of the drug to as much as 650 million pounds. GlaxoSmithKline yesterday reported second-quarter net income of 441 million pounds after posting a loss of 180 million pounds in the same period last year.
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