UK pharmaceutical giant GSK Plc has revised its financial guidance upwards for the second time this year, driven by the successful launch of Arexvy, a vaccine designed to prevent a common respiratory virus in older adults. The vaccine, which was launched in the US and other regions in August, has seen high demand, contributing to robust third-quarter sales of £700 million ($850 million).
Following the impressive performance of Arexvy, GSK now anticipates up to 13% sales growth and an adjusted earnings per share increase of 17%-20%. This positive forecast comes after a strategic decision by GSK to separate its pharmaceutical business from its consumer-products division, responsible for manufacturing Centrum vitamins.
The company's proactive approach is part of an effort to offset the loss of exclusivity on key drugs such as a crucial HIV treatment. GSK is actively pursuing various development trajectories as it continues to strengthen its position in the global pharmaceutical market.
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