Decline in COVID-19 sales hits GSK revenue

26 April 2023

GSK (LSE: GSK) reported a 3% drop in its first-quarter sales compared to a year ago.

The UK drugmaker’s quarterly revenue came in at £6.95 billion ($8.7 billion), which was nonetheless above the £6.5 billion anticipated by analysts.

"We are very focused on our upcoming launches, including our potential RSV older adult vaccine"Excluding COVID-19 related sales, which came to £1.3 billion in the first quarter of 2022, the group's turnover grew by 10%, which shows how the easing off of the pandemic has impacted GSK’s sales.

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