GSK reported strong third-quarter earnings and raised its forecast for 2022. However worries about Zantac litigation kept investors on edge.
GSK opened 2% higher in U.S. trading Wednesday but closed down 2%. Shares rose after the drugmaker reported financial results that beat Wall Street forecasts and announced the Food and Drug Administration had accepted a biologics license application and granted priority review to its vaccine for respiratory syncytial virus targeted at adults aged 60 years or older.
RSV is a common contagious virus affecting the lungs and breathing passages. It is one of the major remaining infectious diseases for which there is currently no vaccine or specific treatment available for adults. RSV causes over 420,000 hospitalizations each year and 29,000 deaths in adults in industrialized countries. Adults with underlying conditions are more likely to seek medical advice and have higher hospitalisation rates than adults without these conditions.
"Vaccines have stolen the show in GSK’s third quarter update today as the shingles vaccine, Shingrix, saw record sales. The continued roll-out is a key driver of the upgraded guidance for 2022, as are launches for the RSV vaccine," said Derren Nathan, Head of Equity Research at Hargreaves Lansdown.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Holiday Hits 2022, Week 1: Hot Toys of 2022The Toy Insider’s Laurie Schacht is highlighting some of the hottest toys of 2022.
Leer más »
New GSK maintains strong start, but Zantac litigation looms largeGSK raised its 2022 forecast for the second time this year, after third-quarter earnings and sales topped estimates, continuing its strong start as a standalone prescription medicine and vaccine business since carving out its consumer health division.
Leer más »
22 Don’t-Miss Beauty Deals From the Sephora Sale 2022Now is the time to stock up on soothing skin care, next-gen hot tools, and giftable sets—all at a nearly sitewide discount.
Leer más »
Amazon Echo deals for Alexa's birthday hit the lowest prices of 2022Amazon Echo deals are back for Alexa's birthday! Get the Echo Dot, Echo, Echo Buds, Echo Auto, and more at the lowest prices of 2022.
Leer más »
A community in photos: Looking back at October 2022 in SaskatoonStarPhoenix photographers shot some memorable moments around Saskatoon last month.
Leer más »
Mega MAGA: Here's where Trump's influence was strongest in Arizona's 2022 GOP primaryIn May, President Biden inveighed against what he called the “ultra MAGA” agenda. The azcentral's research identified the places where MAGA is not just popular, but overwhelming. Call it mega MAGA.
Leer más »