Strong quarter and broad strategy renewal puts paid to GSK demerger rumors

25 July 2018

Shares in British drugmaker GlaxoSmithKline (LSE: GSK) leapt over 2% in London this morning as the firm released a wide-ranging second quarter 2018 results statement with news of cost cutting measures and further investment in genetics.

Top-line figures show the group managed sales of £7.3 billion ($9.6 billion) for the quarter, up 4%, and reported earnings per share of 28.1p, a 3% increase on the same period last year.

Growth was powered by three new launches, three-in-one inhaler product Trelegy Ellipta (fluticasone furoate/umeclidinium/vilanterol), once-daily HIV drug Juluca (dolutegravir/rilpivirine), and shingles vaccine Shingrix (recombinant zoster vaccine).

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