GSK misses earnings target as split planning begins

5 February 2020

The UK’s largest drugmaker, GlaxoSmithKline (LSE: GSK), was more than 3% down as Wednesday’s trading entered its final hour in London.

GSK had just announced its annual and fourth quarter 2019 financial results as well as detail on its two-year plan to split into two separate units, one focused on R&D-based pharmaceuticals, and the other on consumer healthcare.

Pharma sales growth slow

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