The U.K. drugmaker GSK reports earnings Wednesday, in the midst of what’s been a perilous season for pharmaceutical results.
GSK’s American depositary receipt has outperformed many of its pharma peers so far this year. Putting aside Eli Lilly and Novo Nordisk —whose new anti-obesity medicines have driven dramatic spikes in their share prices—GSK is among the best performers of the group. The GSK American depositary receipt is up roughly 1% so far this year, while the S&P 500 Pharmaceuticals industry index has fallen 7%.
GSK will for the first time report sales of Arexvy, its new respiratory syncytial virus vaccine that launched this fall. The company expects the drug to grow into a megablockbuster. It competes with a similar shot from Pfizer, which also launched this year.
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