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Medicus Pharma unveils ex-GSK and Pfizer senior as chief medical officer
Proactiveinvestors NA· 2024-11-18 17:03
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive has a presence in key finance and investing hubs with bureaus and studios located in major cities such as London, New York, and Sydney [2] Group 2 - The company emphasizes the use of technology to enhance workflows and improve content production [4] - Proactive employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
As Drug Maker Stocks Fall, Pressure Builds On PhRMA To Derail RFK, Jr.
Forbes· 2024-11-16 03:03
President-elect Donald Trump this week nominated Robert F. Kennedy Jr. to be the next Secretary of ... [+] the U.S. Department of Health and Human Services. In this photo, the vaccine skeptic speaks during a hearing with the House Judiciary Subcommittee on the Weaponization of the Federal Government on Capitol Hill on July 20, 2023 in Washington, DC. (Photo by Anna Moneymaker/Getty Images)Getty ImagesStocks of major drug makers and biotech companies tumbled in trading late this week after President-elect Do ...
GSK plc (GSK) Guggenheim's Inaugural Healthcare Innovation Conference (Transcript)
Seeking Alpha· 2024-11-15 16:43
GSK plc (NYSE:GSK) Guggenheim's Inaugural Healthcare Innovation Conference November 12, 2024 2:00 PM ET Company Participants Emma Walmsley - Chief Executive Officer Conference Call Participants Seamus Fernandez - Guggenheim Seamus Fernandez I'm absolutely thrilled that this we're clearly going to have the best conversation in the fireside chat that we've had so far. Incredibly pleased to have Emma Walmsley here. She's CEO and on the Board of Directors of GlaxoSmithKline, or sorry, GSK. I have to, I can't s ...
GSK Q3 Earnings Top, Stock Down on Lowered '24 View for Vaccine Sales
ZACKS· 2024-10-30 19:06
GSK plc (GSK) reported third-quarter 2024 core earnings of $1.27 per American depositary share (ADS), which beat the Zacks Consensus Estimate of $1.16. Core earnings declined 1% year over year on a reported basis but rose 5% at a constant exchange rate (CER). Quarterly revenues fell 2% on a reported basis but rose 2% at CER to $10.42 billion (£8.01 billion). The top line missed the Zacks Consensus Estimate of $10.65 billion. This was due to lower sales of RSV and shingles vaccines in the United States. All ...
GSK(GSK) - 2024 Q3 - Earnings Call Transcript
2024-10-30 17:18
Financial Data and Key Metrics Changes - GSK reported a 9% sales growth and a 19% profit growth year-to-date, reflecting strong performance in Specialty Medicines [4][10] - Excluding COVID, sales for the quarter grew 2% and 9% year-to-date, with core operating profit and core EPS growth both up 5% [5][9] - Cash generated from operations was GBP5.3 billion year-to-date, an increase of GBP0.9 billion compared to last year [52] Business Line Data and Key Metrics Changes - Specialty Medicines, the largest segment, grew 19%, driven by strong performance in oncology and HIV [19][30] - General Medicines sales increased by 7%, primarily due to Trelegy, which saw a 16% increase [35] - Vaccine sales declined by 15%, impacted by lower demand for Arexvy and Shingrix [20][21] Market Data and Key Metrics Changes - The U.S. market was significantly impacted by lower vaccine demand, while international markets showed good growth [20] - Arexvy is now launched in 35 markets, with 16 having national recommendations [22] - Shingrix's growth outside the U.S. was 9%, with U.S. penetration at 39% [23] Company Strategy and Development Direction - GSK aims for 7% to 9% sales growth and double-digit profit growth for 2024, with a focus on Specialty Medicines and Vaccines [16][57] - The company plans to pursue bolt-on business development to enhance its pipeline and technology platforms [17] - GSK is committed to delivering sustainable health impact, particularly in its HIV business, with plans to provide long-acting treatments in low and middle-income countries [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance and long-term growth outlooks, despite challenges in the vaccine segment [61][63] - The company anticipates continued growth in Specialty Medicines, particularly in oncology and respiratory treatments [30][38] - Management acknowledged potential pressures from the U.S. Inflation Reduction Act but remains optimistic about underlying demand for its products [38][94] Other Important Information - GSK has made significant progress in its pipeline, with 11 positive phase III readouts and plans for five major product launches next year [11][12] - The company reported a GBP1.8 billion charge related to the resolution of Zantac litigation, impacting operating profit [49] - GSK's net debt decreased to GBP13 billion, reflecting strong free cash generation [54] Q&A Session Summary Question: Update on pneumococcal vaccine and its timeline - Management confirmed a shift to a 30-valent vaccine for adults, with a first-in-human study expected next year [70][71] Question: Expectations for 2025 regarding Shingrix and Arexvy - Management expects 2025 to be another year of profitable growth, with continued focus on Specialty Medicines [72][74] Question: Sales contribution of Shingrix in China - GSK has sold around 240 million doses under its contract with Zhifei, with flexibility in the contract terms [90] Question: Detailed Phase III Nucala data release - Detailed data from the MATINEE trial will be presented in the first half of next year [86] Question: RSV opportunities outside the U.S. - Management indicated that the RSV vaccine is expected to see good adoption internationally, with ongoing contract negotiations [100]
GSK(GSK) - 2024 Q3 - Quarterly Report
2024-10-30 15:24
Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 001-15170 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 GSK plc (Translation of registrant's name into English) 79 New Oxford Street, London, WC1A 1DG (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form ...
GSK (GSK) Q3 Earnings Surpass Estimates
ZACKS· 2024-10-30 14:05
GSK (GSK) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 9.48%. A quarter ago, it was expected that this drug developer would post earnings of $1 per share when it actually produced earnings of $1.09, delivering a surprise of 9%. Over the last four quarters, the company has surpassed ...
GSK: Earnings Confirm It's On Track To Meet Guidance
Seeking Alpha· 2024-10-30 13:19
British pharmaceutical company GSK (NYSE: GSK ) reported its third quarter (Q3 2024) and nine months 2024 (9m 2024) results earlier today, which indicate that it's on track to achieve the full-year targets. This is even as Q3 2024 figures showed softening. Here, I Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the gree ...
GSK Stock Drops as UK Firm Posts Underwhelming Results
Investopedia· 2024-10-30 12:40
KEY TAKEAWAYS GSK's shares are falling 4% in premarket trading Wednesday after the British pharma giant posted lowerthan-estimated quarterly sales and lowered its projection for vaccine sales. The company reported third-quarter sales of 8.01 billion pounds ($9.59 billion), down 2% year-over-year on lower vaccine sales and below consensus estimates of analysts polled by Visible Alpha of 8.09 billion pounds. The U.K. firm, whose vaccines include Arexvy and Shingrix, now expects 2024 vaccine sales to decrease ...
Clover Announces Positive Clinical Data for RSV Vaccine Candidate SCB-1019 Compared Head-to-Head Versus GSK's AREXVY
Prnewswire· 2024-10-28 22:30
-- Head-to-head clinical results indicate a potential best-in-class combined efficacy & safety profile of nonadjuvanted bivalent RSV vaccine candidate (SCB-1019) -- -- RSV neutralizing antibodies for Clover's non-adjuvanted SCB-1019 matched GSK's AS01E-adjuvanted AREXVY in older adults, while demonstrating significantly better tolerability compared to AREXVY -- -- Clover plans to initiate clinical trials in 2025 evaluating SCB-1019 in an RSV re-vaccination setting and as part of a respiratory combination va ...