GSK Faces Sales Concerns Despite Regulatory Approval

2 days ago

Louise Moon

"So when you first look at it, seems like positive news. So US regulators have approved GSK's blood cancer drug that's called Blendre. So they can obviously now bring that medicine to the US, which is the world's biggest pharmaceutical market that they had pulled the drug in 2022. There were questions about how effective it was, but now they can now bring that back to the market. But as you say, shares are dropping. They're dragging the Footsie 100 this morning in London. This is because despite being approved there are a lot of caveats that have come with that approval. The eligibility pool of who can use it is smaller than expected."

The discussion around GSK centers on its newly approved blood cancer drug, Blendre, which marks an important regulatory milestone. However, investors are cautious as the approval comes with restrictions, notably a limited eligibility pool, leading to concerns about the drug's commercial potential and dragging share performance.

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