GSK plc

London-listed specialist in vaccines, specialty and general medicines

Overview

GSK is a British health-care company that researches, develops and manufactures medicines and vaccines, organised into Commercial Operations and Research and Development segments; Commercial Operations has three product groups: specialty medicines, vaccines and general medicines.[2] Forbes records sales of US$43.9bn, up 9.6% on the prior-year figure, profit of US$7.8bn and a market value of US$99.2bn.[2] GSK holds thirteenth place, as in the prior-year comparison. Haleon, a consumer-health company also based in the United Kingdom, is listed separately by Forbes with sales of US$14.5bn and is not included in GSK’s figures.[2] GSK and AstraZeneca are the two UK companies in the top 25. Forbes counts 66,841 employees.[2]

GSK plc strengths and limitations

Strengths

  • Large vaccines business
  • Profit margin of about 18%
  • Sales growth of 9.6%

Limitations

  • Market value below US$100bn
  • General medicines face generic competition
  • Smaller than AstraZeneca on every Forbes metric

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