Emma Walmsley, GSK CEO (GSK Investor Day 5)

As the con­sumer group splits away to­day, what will New GSK buy now?

What a dif­fer­ence one re­al­ly good Phase III read­out and a cou­ple of late-stage buy­outs can make.

GSK CEO Em­ma Walm­s­ley has been try­ing, hard, to build some ex­cite­ment around the pipeline. And with the re­cent pos­i­tive out­come for their RSV vac­cine, she’s fi­nal­ly earn­ing some mar­ket re­spect on that score. And with the big con­sumer split to­day, with the birth of Ha­le­on, you can ex­pect plen­ty of buzz about the need for an­oth­er M&A deal to po­si­tion the com­pa­ny.

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