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Pharmaceutical sales down 6% primarily reflecting the sale of the oncology business
July 30, 2015
By: Kristin Brooks
Managing Editor, Contract Pharma
GlaxoSmithKline 2Q Revenues: £5.9 billion (+6%) 2Q Earnings: £115 million (earnings were £702 million 2Q14) YTD Revenues: £11.5 billion (+3%) YTD Earnings: £8.2 billion (earnings were £1.4 billion YTD14) Comments: Pharmaceutical sales were £3.5 billion, down 6% primarily reflecting the sale of the oncology business to Novartis. Respiratory sales declined 6%, reflecting further declines in Seretide/Advair in both the U.S. and Europe and the continuing transition of the portfolio t...
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