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ICICI Securities Report
GlaxoSmithKline Pharmaceuticals Ltd. held a virtual analyst meet to discuss the company’s performance.
We cover the highlights below:
Company believes its key brands and therapies would continue to grow over the next five years.
Company has witnessed that most of its key brands have outpaced their respective industries and gained market share.
Vaccines remains an important growth area followed by respiratory. It will also invest in therapies like oncology but that would take time to scale up.
Vaccines segment contributes approximately 23% of revenue and is expected to grow in double digits. It’s imported and has lower margin than the company but it would be supported by cost optimisation.
Company has received approval for Augmentin ES600, Trelegy and Fluarix Tetra and has filed for Shingrix, Rotarix liquid oral vaccine and Nucala liquid pediatric indication to support growth over long term.
In the near term, it is focusing on Nucala and Menveo.
Click on the attachment to read the full report:
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