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Revenues fall flat in the quarter
July 24, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
GlaxoSmithKline 2Q Revenues: $10.1 billion (flat) 2Q Earnings: $2.0 billion (-18%) YTD Revenues: $19.9 billion (-3%) YTD Earnings: $5.9 billion (-22%) Comments: Pharmaceuticals and Vaccines sales were up 5% in the quarter to $8.1 billion. Respiratory sales were up 8% to $1.4 billion, driven by Advair (+8%), Flovent (+12%) and Ventolin (+18%). Oncology growth was driven by Votrient up 70% to $54.8 million, and Promacta up 38% to $28.9 million. Vaccine sales were up 14% driven by Infanrix/Pe...
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