The Traderszone Network

Published in TZ Latest News 8 April, 2017 by The TZ Newswire Staff

GlaxoSmithKline Dodges a Bullet… for Now

Incoming GlaxoSmithKline plc (NYSE: GSK) CEO Emma Walmsley got a little welcoming gift from the Food and Drug Administration the week she took the reins of the venerable British healthcare company. Mylan (NASDAQ: MYL) received a notification that its application for a generic version of Glaxo’s asthma drug Advair was not approved. Glaxo’s 2017 financials will almost certainly benefit from Mylan’s setback, but the reprieve is probably only temporary.

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