Business3 sources
GSK shares fall due to weaker vaccine sales and restructuring costs
- GSK reported better-than-expected financial results but saw its shares decline.
- Weaker sales of the shingles vaccine, particularly in China, contributed to the decline.
- Restructuring charges and an overall outlook unnerved investors.
- The company faces looming patent loss for its blockbuster HIV drug.
- Despite the decline, GSK remains Britain's second-biggest drugmaker.
Articles (4)
The Guardian·
GSK shares dive as weaker vaccine sales and restructuring charges unnerve investors
The Guardian·
GSK shares dive as weaker sales and mounting costs unnerve investors
The Wall Street Journal·
GSK Shares Slide After Vaccine Sales Disappoint
Financial Times·
GSK shares slide after weaker vaccine sales