GlaxoSmithKline unveils best results since merger

‘GlaxoSmithKline sought to reassure investors yesterday by announcing it would file its potential blockbuster cervical cancer vaccine, Cervarix, for approval in the US before the end of the year.

The news came after the British pharmaceuticals giant unveiled its best annual performance since 2000 when it was formed from the merger of SmithKline Beecham and Glaxo Wellcome. Strong sales of the asthma drug Advair propelled sales to £21.7bn last year, up 8 per cent. With pre-tax profits rising to £6.7bn, earnings per share were up 21 per cent to 82.6p, better than City expectations.’

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