GlaxoSmithKline Reportedly Trying Again to Sell Antibiotics Line [The Motley Fool]
GSK plc American Depositary Shares (Each representing two Ordinary Shares) (GSK)
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Source: The Motley Fool
GlaxoSmithKline Reportedly Trying Again to Sell Antibiotics Line The divestment of its cephalosporin products could bring in several hundred million dollars. GlaxoSmithKline ( NYSE:GSK ) is hanging a "for sale" sign on a group of its antibiotics, according to an article published by Bloomberg. The article, citing "people familiar with the matter," states that the big drugmaker is working with financial advisors to find a buyer for its line of cephalosporins, a type of antibiotics, in a move that could put several hundred million dollars into the company's coffers. Glaxo and its advisors are testing the waters for such a sale, Bloomberg wrote, making preliminary inquiries of interest. Early targets are peer pharmaceutical companies active in the antibiotics segment, as well as investment funds. The company's portfolio of cephalosporins includes the drugs Zinna and Fortum, which collectively bring in roughly $200 million in annual revenue. Glaxo unsuccessfully attempted to sell this l
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News
- GSK plc (NYSE: GSK) was downgraded by analysts at Jefferies Financial Group Inc. from a "buy" rating to a "hold" rating. They now have a $39.50 price target on the stock, down previously from $53.00.MarketBeat
- GSK plc (NYSE: GSK) was downgraded by analysts at Guggenheim from a "buy" rating to a "neutral" rating.MarketBeat
- GSK Q3 Earnings Preview: Shingrix And Arexvy Make The Stock A 'Strong Buy' [Seeking Alpha]Seeking Alpha
- New Data for AREXVY, GSK’s Respiratory Syncytial Virus Vaccine, Show Potential to Help Protect a Broader Group of Adults at Increased Risk for RSV DiseaseBusiness Wire
- GSK Presents Positive Data for AREXVY, Its Respiratory Syncytial Virus (RSV) Vaccine, Indicating Protection Over Three RSV SeasonsBusiness Wire
GSK
Sec Filings
- 11/14/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/12/24 - Form SC
- GSK's page on the SEC website