Advair copycats yet to emerge, GSK posts strong third quarter

31 October 2018

London-listed GlaxoSmithKline (LSE: GSK) has released an upbeat financial results statement for the third quarter of 2018, posting group sales of £8.1 billion ($10.3 billion), a 3% increase on the same period last year, including £4.2 billion from the pharmaceuticals division.

The firm was boosted by strong sales for the shingles vaccine Shingrix, and has upped expectations for sales to between £700 million and £750 million this year.

GSK has also benefited from the fact that generic competition to Advair (fluticasone propionate/salmeterol) has thus far failed to materialize.

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