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GSK's Growth Drivers And Cost Containment Offset Pandemic Impact

Immunization Rates Returning To Pre-COVID Levels

 
• By John Davis

GlaxoSmithKline’s third quarter results included a 9% decline in sales in its vaccine business, but this was offset by tight cost controls and restructuring benefits; the company expects to continue investing in its pipeline and new product launches.    

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Decent quarter for London-based GSK • Source: Shutterstock

GlaxoSmithKline plc’s CEO Dame Emma Walmsley expects the company to achieve the 2020 financial guidance that it set out in February, at a time before its business was disrupted by the COVID-19 pandemic.

Walmsley was keen to underscore the “resilience and agility” the company had shown in an “extraordinary year”. “Strong performance from...

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