GSK

GSK to buy liver disease drug for as much as US$2 billion

The drug has the potential to become a best-in-class medicine to treat a form of fatty liver disease

Sensodyne maker Haleon has agreed to buy back 44 million shares from Pfizer (top), currently its largest shareholder, with 618 million shares being sold to institutional investors.

Pfizer sells entire Haleon stake for US$3.24 billion

The total sale represents 7.3% of the issued share capital of Haleon

GSK boosted its 2031 sales forecast to over £40 billion, up from the more than £38 billion it previously expected.

GSK plans £2 billion share buyback, boosts long-term outlook

The buyback comes after GSK saw earnings per share, excluding some items, at 23.2 pence in the fourth quarter

Investors are concerned about GSK’s pipeline and recent lower-than-expected sales of its RSV and shingles vaccines.

GSK to buy US cancer biotech IDRx for up to US$1.15 billion

The UK drugmaker will pay US$1 billion upfront for IDRx

GSK expects to record a £1.8 billion charge in its third quarter results due to the settlements, with no impact on its investment plans.

GSK surges 6.5% after US$2.2 billion Zantac lawsuits settlement

The company admits no wrongdoing or liability and aims to avoid risk of continuing litigation for its long-term interest

The over-the-counter treatment, known also by its non-commercial name ranitidine, was manufactured by several rivals including the French group Sanofi and US drugmaker Pfizer before it was withdrawn in 2019.

GSK wins latest US litigation over Zantac drug saga

British pharmaceutical group GSK on Friday (Aug 16) welcomed victory in drawn out US litigation regarding its Zantac drug for heartburn that allegedly caused cancer.

GSK reported second-quarter core earnings of 43.4 pence per share on sales of £7.88 billion.

GSK raises annual profit and sales forecast after second quarter beat

BRITISH drugmaker GSK raised its annual earnings and sales forecasts on Wednesday (Jul 31) and posted second-quarter results that beat market expectations, boosted by its cancer and HIV portfolio.

GSK has been beset with investor concern about drugs including a mainstay antiviral reaching the end of their patents, allowing cheaper copies to compete with them in the market.

GSK, Flagship enter multibillion-dollar drug discovery deal

GSK and Flagship Pioneering entered a partnership to develop as many as 10 new drugs in a deal that could pay more than US$7 billion to firms supported by the venture capital biotech.

Pfizer was chosen to supply over 3.5 million doses of its Abrysvo vaccine to older adults and more than 1.4 million doses to pregnant mothers to protect their babies in England and Northern Ireland over the next two years.

UK government snubs GSK in favour of rival RSV shot from Pfizer

The decision is a blow to GSK, which is locked in fierce competition with Pfizer to corner the new market to protect against respiratory syncytial virus

Zantac was a once-popular antacid that has drawn a flurry of US personal-injury lawsuits alleging it causes cancer.

GSK plunges as drugmaker must face Zantac cases in Delaware

GSK shares plunged in the wake of a court ruling that the UK drugmaker, alongside others including Sanofi, must face trials over whether the former heartburn treatment Zantac causes cancer.