No more Mr Nice Guy: GlaxoSmithKline is coming out of its corner swinging
GlaxoSmithKline CEO Emma Walmsley signaled this week that the company is going to fight for every scrap on the commercial table while pushing a turnaround on the pipeline. And she just picked up an unearned score after a major threat to their Advair franchise ran into a serious delay.
The big stumble occurred at Novartis’ big generics operation Sandoz, which spread the word Thursday that the FDA had rejected its generic version of GSK’s Advair, a blockbuster product that is already facing cheaper generic competition in Europe. And the complete response letter will likely stall any market entry beyond the end of this year.
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