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GSK Vaccine Sales Hit By COVID-19 But Initial Signs Of Recovery

Group Sales Down 3% As UK Vaccine Supply Deal Is Struck

 
• By John Davis

GlaxoSmithKline sees initial signs of recovery from the coronavirus pandemic in terms of vaccination rates and highlights its growing research progress against COVID, RSV and meningitis, although a UK expert warns against over-optimism.  

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Sales take a dip at GSK • Source: Shutterstock

Sales by GlaxoSmithKline plc’s vaccines business declined by 29% in the second quarter of 2020, as COVID-19 pandemic lockdown measures limited visits to physicians but there were initial signs of a recovery in vaccination rates, reported CEO Emma Walmsley as the results were announced on 29 July. 

Although GSK is maintaining its 2020 financial guidance (a decline in adjusted EPS of 1% to 4% at constant exchange...

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