GSK notched up £1.4 billion of Covid19 related sales last year, yet profits still fell 22% to £5.4 billion. Overall sales were steady at £34 billion.
Yesterday Pfizer reported $37 billion (£27 billion) of sales from its pandemic vaccine and said its new Covid pill Paxlovid was going well.
That did prompt some complaints that Pfizer is profiteering from the pandemic, an accusation Glaxo has at least avoided.
Glaxo, under pressure from investors to move faster to shake up its business, warned there will be a “substantially reduced profit contribution” from its Covid antibody drug Sotrovimab due to lower margins.
Denne historien er fra February 09, 2022-utgaven av Evening Standard.
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Denne historien er fra February 09, 2022-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Why are England wasting time waiting for Tuchel?
Winning the World Cup is the aim, so the new boss should start now
He's been shot, and punched by Mike Tyson, but British boxing's great survivor is back on top and aiming to rule the world
This is where the magic happens,\" reads a big neon sign scrawled across the entrance to the offices of arguably the most powerful man in British boxing today.
How Sketch went from 'obscene' to era-defining
After arocky start, the glamorous and infamous restaurant is now an institution
Money is worth less than time'
He's quit Fendi, but what will Kim Jones do next?
London's Roman Amphitheatre
Guildhall Yard, EC2V
Liberals didn't notice they'd lost relevance in the all-consuming digital sphere
There are many reasons why Donald Trump might have won the election last week.
Do we have to die?
One neuroscientist thinks the answer is no
How to have a magical Christmas in Edinburgh
From cosy cobblestone streets to abundant Yuletide goings-on, few cities rival the Scottish capital in creating Christmas whimsy.
London's best festive restaurants
The social season is upon us once more. These are the city’s most coveted Christmas venues, which need to be booked soon so as to not miss out on the tinsel and tipples.
Rag'n'Bone Man
I struggle with being recognised... I'll never really feel comfortable with it'
