GSK - GlaxoSmithKline plc

NYSE - NYSE Delayed Price. Currency in USD
47.82
+0.03 (+0.06%)
At close: 4:01PM EST

48.61 +0.79 (1.65%)
Pre-Market: 4:44AM EST

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Previous Close47.79
Open47.93
Bid0.00 x 1800
Ask0.00 x 3200
Day's Range47.55 - 47.94
52 Week Range38.16 - 48.22
Volume3,012,586
Avg. Volume2,686,606
Market Cap118.528B
Beta (5Y Monthly)0.37
PE Ratio (TTM)48.21
EPS (TTM)0.99
Earnings DateJan 31, 2017 - Feb 05, 2017
Forward Dividend & Yield2.00 (4.18%)
Ex-Dividend DateNov 12, 2019
1y Target Est50.00
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    23andMe cuts 100 jobs as demand for DNA tests drops

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  • Reuters

    Roche wins approval for cancer drug Kadcyla in fast-growing China market

    BEIJING/ZURICH Jan 22 (Reuters) - Roche said on Wednesday China had approved the import of its Kadcyla drug for breast cancer, another win for the Swiss drugmaker in its second-biggest market where rising demand has helped drive its increased sales and profit. Kadcyla, which also recently won expanded approval in the United States, Canada and Europe for more breast-cancer patients, is an antibody-drug conjugate (ADC), a class of therapies that combine monoclonal antibodies with cytotoxic chemical that in 2019 picked up momentum with a record number of U.S. approvals.

  • Glaxo's Multiple Myeloma Candidate Gets FDA's Priority Review
    Zacks

    Glaxo's Multiple Myeloma Candidate Gets FDA's Priority Review

    Glaxo's (GSK) BLA for belantamab mafodotin gains the FDA priority review status to treat heavily pre-treated patients with relapsed or refractory multiple myeloma.

  • Reuters

    'Pay-for-delay' deals over drug generics unlawful - EU court adviser

    An adviser to the European Court of Justice said on Wednesday that an agreement to settle a patent dispute between a pharmaceutical company and generic competitors may harm competition. The case relates to an agreement British drugmaker GlaxoSmithKline struck with generic drug companies to pay them over 50 million pounds to delay the potential entry of independent competitors to its antidepressant Seroxat.

  • Financial Times

    GlaxoSmithKline censured by EU over pay-for-delay deals

    GlaxoSmithKline may have harmed competition with agreements to delay the launch of generic versions of an antidepressant in exchange for payments, according to a senior adviser to Europe’s top court. The expert opinion, ahead of a European Court of Justice ruling this year, relates to the UK drugmaker agreeing to pay rivals more than £50m to postpone the launch of cheaper copycat alternatives to its antidepressant Seroxat, after its patent expired in 1999. Advocate-general Juliane Kokott on Wednesday said the so-called pay-for-delay deals between the drugmakers “may constitute a restriction of competition” and “may be an abuse of a dominant position”.

  • PR Newswire

    US Food and Drug Administration (FDA) grants priority review of belantamab mafodotin for patients with relapsed or refractory multiple myeloma

    GlaxoSmithKline plc (LSE/NYSE: GSK) announced the US Food and Drug Administration (FDA) granted a priority review for the company's Biologics License Application (BLA) seeking approval of belantamab mafodotin (GSK2857916) for the treatment of patients with relapsed or refractory multiple myeloma whose prior therapy included an immunomodulatory agent, a proteasome inhibitor and an anti-CD38 antibody.

  • Reuters

    Pharma firms not making enough progress against superbugs - report

    Drug companies are not making progress against the spread of antibiotic resistance at a scale and speed great enough to tackle the global health threat posed by superbugs, a key benchmark analysis found on Tuesday. The findings of a second Antimicrobial Resistance (AMR) Benchmark report showed that while a few pharmaceutical companies are expanding their efforts, change is not happening at the scale needed to radically impact the problem. In India, drug resistance exceeds 70% for many widespread bacteria, the AMR report said.

  • GlaxoSmithKline: The Charts Are Pointing Higher
    TheStreet.com

    GlaxoSmithKline: The Charts Are Pointing Higher

    Recently on Mad Money Jim Cramer sat down with Emma Walmsley, CEO of GlaxoSmithKline Plc , the drugmaker with shares up 19% over the past year and a 4.3% dividend yield. Walmsley said GlaxoSmithKline continues to see progress and momentum and is generating a lot of positive data for patients. The company is the leading provider of vaccines around the globe and Walmsley was especially proud of a new vaccine for shingles, a painful disease that affects nearly one in three people over the age of 50.

  • Financial Times

    GSK and genetic testing group 23andMe seek first drug target

    GlaxoSmithKline expects its partnership with consumer genetics testing company 23andMe to have selected its first drug target and launched a clinical trial by the end of the year. providing genetic information and a way to eventually reach potential trial participants. GSK and 23andMe, which are exploring many potential drug candidates together, have not yet revealed the disease the first drug will be designed to treat.

  • Should Value Investors Pick GlaxoSmithKline (GSK) Stock?
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    Should Value Investors Pick GlaxoSmithKline (GSK) Stock?

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  • Barrons.com

    Big Pharma Remains Accused of Keeping Prices High. That Won’t Change Soon.

    Despite the pharmaceutical industry’s best efforts, its least-favorite plan to cut drug prices isn’t going away. Unrest over drug pricing hung like a shadow above this year’s J.P. Morgan Health Care conference.

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    Clovis Rubraca sNDA for Prostate Cancer Gets Priority Review

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  • MarketWatch

    GlaxoSmithKline cut to underweight at Barclays

    GlaxoSmithKline was downgraded to underweight from equal weight by Barclays, which said 2020 looks to be a much tougher investment year for the pharma giant without much growth. It's now expecting zero like-for-like sales growth a slight EPS downgrade, Barclays said. "Whilst dividend/FCF yields look attractive, the former is likely to remain a source of uncertainty and the latter elevated in the absence of a pipeline/growth story," the broker said.

  • Bloomberg

    Glaxo, Pfizer Executives Out of Step on Consumer Unit’s Future

    (Bloomberg) -- U.K. drugmaker GlaxoSmithKline Plc hasn’t made plans to pursue an initial public offering of the consumer-health company it set up with Pfizer Inc. last year, a top executive said, distancing himself from remarks made by Pfizer’s chief executive a day earlier.The comments could expose a lack of communication between the two partners. Pfizer’s Chief Executive Officer Albert Bourla yesterday said he expected Glaxo to pursue an IPO in three to four years.“This is the time that we will be able to exit from this partnership, and I’m sure that this business will have a fantastic IPO,” Bourla said at the J.P. Morgan Healthcare Conference in San Francisco.An IPO isn’t the only option, said David Redfern, Glaxo’s chief strategy officer, in an interview at the meeting. Glaxo said at the time of the deal that it would separate and list the company within three to five years.“Actually we haven’t decided anything,” Redfern said Wednesday. “When we announced the deal, we said we expect it to separate within three years, but actually up to five years. And it’s entirely our decision.”Both Glaxo, the majority owner, and Pfizer, which has about a third of the business, are looking to focus on drug development. Recent shifts in the health-care business and in the broader economy have challenged a model in which drugmakers control every corner of home medicine cabinets.Redfern said the consumer business needed to focus on integration and growing sales, not a spinoff or IPO.“We don’t want it too distracted right now thinking about capital markets,” he said. “Whether it’s an IPO or just a straight spin, all options are on the table. We’ve literally had no discussion” with Pfizer on that topic.With annual sales of about $13 billion, the consumer venture has brought under one roof Advil painkillers, Tums stomach tablets, Sensodyne toothpaste and Nicorette gum.The world’s biggest supplier of over-the-counter medicines will be one of the industry’s only standalones, facing off with companies integrated into larger entities such as Johnson & Johnson, Bayer AG and Procter & Gamble Co.\--With assistance from Mark Schoifet.To contact the reporter on this story: Riley Griffin in New York at rgriffin42@bloomberg.netTo contact the editor responsible for this story: Drew Armstrong at darmstrong17@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Pfizer Eyes IPO of Glaxo Consumer Venture in 3 to 4 Years
    Bloomberg

    Pfizer Eyes IPO of Glaxo Consumer Venture in 3 to 4 Years

    (Bloomberg) -- Pfizer Inc. is planning an initial public offering of its consumer-health joint venture with GlaxoSmithKline Plc in three to four years as the two drugmakers turn back toward the lab.Pfizer Chief Executive Officer Albert Bourla discussed the time frame for the IPO at the J.P. Morgan Healthcare Conference in San Francisco on Tuesday. The plan provides New York-based Pfizer with a clear exit strategy, he said.The world’s biggest supplier of over-the-counter medicines will be one of the industry’s only standalones, facing off with companies integrated into larger entities such as Johnson & Johnson, Bayer AG and Procter & Gamble Co.With annual sales of about $13 billion, it brings under one roof Advil painkillers, Tums stomach tablets, Sensodyne toothpaste and Nicorette gum.Both Glaxo, the majority owner, and Pfizer, which has about a third of the business, are looking to focus on drug development. Recent shifts in the health-care business and in the broader economy have challenged a model in which drugmakers control every corner of home medicine cabinets.Big pharma companies are increasingly focused on developing high-priced new medicines that draw on cutting-edge research in genetics and other fields. At the same time, the cost of researching new cures is climbing even as insurers and governments demand lower prices.On the consumer-health front, intense price competition online from the likes of Amazon as well as own-brand store products have dented margins in the U.S. and parts of Europe.When the deal was announced, Glaxo said it expected a listing within three years of its close, which took place last August.Glaxo shares rose less than 1% to 1,815 pence in London trading. (Updates with industry context in third and fourth paragraphs)To contact the reporter on this story: Mark Schoifet in New York at mschoifet@bloomberg.netTo contact the editors responsible for this story: Drew Armstrong at darmstrong17@bloomberg.net, Marthe FourcadeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Big Merger Deals Are Missing at Health Conference. Here’s Why.

    What a difference a year makes. The start of the annual J.P. Morgan Healthcare investor conference in 2019 brought a double-header of giant deals. In 2020, there was almost nothing.

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  • Glaxo Files Marketing Application for Fostemsavir in Europe
    Zacks

    Glaxo Files Marketing Application for Fostemsavir in Europe

    Glaxo (GSK) submits an MAA in Europe for its investigational candidate fostemsavir, which is being developed for treating HIV-1 infection in heavily pre-treated adult HIV patients.

  • Gilead (GILD) Inks License Deal with Xencor for HIV Candidate
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    Gilead (GILD) Inks License Deal with Xencor for HIV Candidate

    Gilead Sciences (GILD) entered into a technology license agreement with Xencor for use of XmAb antibody technologies in investigational agents for HIV.

  • 2019 Review: Most Favored Hedge Fund Stocks vs. GlaxoSmithKline plc  (GSK)
    Insider Monkey

    2019 Review: Most Favored Hedge Fund Stocks vs. GlaxoSmithKline plc (GSK)

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

  • Merck's Keytruda Gets FDA Nod for High-Risk Bladder Cancer
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    Merck's Keytruda Gets FDA Nod for High-Risk Bladder Cancer

    Merck's (MRK) Keytruda gets FDA's approval to treat certain patients with high-risk, non-muscle invasive bladder cancer.

  • Merck's Keytruda Misses One of Two Goals in Lung Cancer Study
    Zacks

    Merck's Keytruda Misses One of Two Goals in Lung Cancer Study

    Merck's (MRK) phase III first-line SCLC study fails to meet one of the two primary endpoints. It signs an oncology collaboration with Taiho Pharmaceutical and Astex Pharmaceuticals.

  • Why Bank of America expects the hot European pharmaceuticals sector to stumble — and it’s not a fear of U.S. drug prices
    MarketWatch

    Why Bank of America expects the hot European pharmaceuticals sector to stumble — and it’s not a fear of U.S. drug prices

    Bank of America expects European stocks broadly to rise this year, but its key underweight call is the pharmaceutical sector, and the recommendation has nothing to do with talk of reining in U.S. drug prices.