Avandia is not material

first_img whatsapp Share Avandia is not material SENIOR doctors’ proposal to withdraw Avandia on safety grounds, which remains subject to an EU-wide final decision this month, would have little impact on the valuation of Glaxo. The market has long assumed declining future revenues and contribution to earnings from the diabetes drug.The peak year for sales was back in 2007 when it joined the blockbuster drug class with sales of £1.2bn. Since then it has drifted down with sales of £771m last year and it goes out of patent in 2012-13. If the drug is withdrawn, Glaxo will lose around £770m in revenues, cutting around £500m from its bottomline – an amount the well diversified Glaxo can afford. Yet, the legal uncertainty over Avandia is already hitting its shares – which are trading at a lower multiple than its European peer group. Now could be the time to pick up a bargain. Show Comments ▼ Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proofcenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Monday 6 September 2010 8:23 pm Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *