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November 23, 2009 6:52 PM ET

GlaxoSmithKline PLC

(GLX:Buenos Aires Stock Exchange)

Market Cap
10.7T
Total Revenue
27.2B
EBITDA
10.7B
DILUTED EPS TTM
0.96
P/E
1,351.7x
P/S
241.1x
Return On Asset
15.48
Return On Equity
58.25
K = Thousands  M = Millions  B = Billions

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GLX Details

GlaxoSmithKline plc, together with its subsidiaries, engages in the creation, discovery, development, manufacture, and marketing of pharmaceutical products, over the counter (OTC) medicines, and health related consumer products. It operates in two segments, Pharmaceutical and Consumer Healthcare. The Pharmaceutical segment offers prescription medicines in the therapeutic areas, such as respiratory, central nervous system, anti-virals, anti-bacterials, metabolic, vaccines, cardiovascular and urogenital, oncology, emesis, and dermatology. This segment markets approximately 25 vaccines to prevent life-threatening or crippling illnesses, such as hepatitis A, hepatitis B, diphtheria, tetanus, whooping cough, measles, mumps, rubella, polio, typhoid, influenza, and bacterial meningitis. The Consumer Healthcare segment offers OTC medicines, such as alli, a weight loss medicine; Panadol, a paracetamol/acetaminophen analgesic; smoking control products under the NicoDerm, NiQuitin CQ, Nicabate, and Nicorette names; and other brands, including Breathe Right nasal strips, Tums, Citrucel, Contac, and FiberChoice. Its oral healthcare products comprise Aquafresh, a range of toothpastes, toothbrushes, and mouthwashes; Sensodyne, a range of toothpastes and toothbrushes, including Pronamel to protect from acid erosion; Biotene, a treatment for dry mouth; Polident, PoliGrip, and Corega, the denture care cleansers and adhesives; and other brands, including Odol, Macleans, and Dr Best. This segment also provides nutritional healthcare products, such as Lucozade, a range of energy and sports drinks; Horlicks, a range of milk-based malted food and chocolate drinks; and Ribena, a blackcurrant juice-based drink. GlaxoSmithKline operates in the United States, Europe, Japan, the Asia Pacific, the Middle East, Latin America, Africa, and Canada. The company was founded in 1935 and is based in Brentford, the United Kingdom.

99,003 Employees
Founded in 1935

GLX Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Age: 44
Total Annual Compensation: £1.7M
Chief Financial Officer, Executive Director, ...
Age: 55
Total Annual Compensation: £894.0K
Chairman of Research & Development, Executive...
Age: 49
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2008.

Key developments for GlaxoSmithKline PLC (GLX)

GlaxoSmithKline plc to Cease Operations at the Finisklin Plant

GlaxoSmithKline plc told staff it would cease operations at the Finisklin plant by the end of 2013 as part of an overall review of its business.

Parker Waichman Alonso LLP Files Suit Against GlaxoSmithKline plc and Procter & Gamble on Behalf of Nebraska Woman

Parker Waichman Alonso LLP announces that they have filed a lawsuit against GlaxoSmithKline plc and Procter & Gamble Co. on behalf of an Nebraska woman who was diagnosed with neuropathy attributed to the use of Super PoliGrip(R) and Fixodent(R) denture adhesive creams. According to complaint, Jennifer J. Cornett, 61, received dentures approximately 9 years ago, and has used Super PoliGrip(R) and Fixodent(R). Ms. Cornett stopped using the denture adhesive creams after she was diagnosed with neuropathy attributed to excess zinc and copper depletion attributable to Super PoliGrip(R) and Fixodent(R). Her lawsuit alleges that Ms. Cornett now suffers from profound and permanent neurological injuries, which have left her unable to perform her normal, customary, and daily activities. The lawsuit maintains that Super PoliGrip(R) and Fixodent(R) contain a form of zinc, which is bonded to an unknown formulation. A small amount of zinc is necessary for a balanced diet. However, being exposed to an excessive amount of zinc can result in copper depletion and serious negative adverse neurological effects. In August 2008, the peer reviewed journal 'Neurology' reported on four patients suffering from neuropathy and other neurological symptoms typical of zinc poisoning and copper depletion. It was determined that excess use of denture cream could have been responsible for their symptoms. The complaint further alleges that the defendants failed to warn about their products' risks and failed to provide adequate warnings about the zinc in Super PoliGrip(R) and Fixodent(R), or adequate instructions to prevent deviation from accepted use. According to the lawsuit, had the defendants properly disclosed the risks associated with Super PoliGrip(R) and Fixodent(R), Ms. Cornett would never have used the products. Ms. Cornett's lawsuit names GlaxoSmithKline, the maker of Super PoliGrip(R), and Procter and Gamble Manufacturing Corp., the maker of Fixodent(R), as well as their subsidiaries, as defendants. This lawsuit is the latest of many filed by Parker Waichman Alonso LLP on behalf of the victims of zinc-containing denture adhesive creams. Ms. Cornett's lawsuit, along with dozens of others filed before it, has been consolidated for centralized and coordinated pre-trial proceedings in the Denture Cream Products Liability Litigation in the United States District Court for the Southern District of Florida, Miami Division, before the Honorable Judge Cecilia Altonaga (MDL No. 2051). Andres F. Alonso Esq., a partner with Parker Waichman Alonso LLP, was appointed Co-Lead Counsel to the Plaintiffs' Steering Committee in the litigation by Judge Altonaga in an order filed on July 13, 2009. On October 22, 2009, Mr. Alonso attended the most recent case management conference in the Denture Cream Products Liability Litigation.

GlaxoSmithKline plc and Xenoport, Inc. Announce Extension of GSK1838262 (XP13512) FDA Review Date to February 9, 2010

GlaxoSmithKline plc and Xenoport, Inc. announced that the U.S. Food and Drug Administration (FDA) has extended the original Prescription Drug User Fee Act (PDUFA) goal date for its review of the New Drug Application (NDA) for GSK1838262/XP13512 (gabapentin enacarbil) to February 9, 2010. The NDA currently under review by the FDA is for the treatment of moderate-to-severe primary Restless Legs Syndrome (RLS). The original PDUFA date for this NDA review was November 9, 2009. The FDA determined that a Risk Evaluation and Mitigation Strategy (REMS) was necessary for GSK1838262. In response to FDA's request, GSK submitted a proposed REMS. The FDA accepted this submission as a solicited major amendment to the GSK1838262 NDA. The FDA has the option to extend the PDUFA goal date when a sponsor submits a major amendment that provides a substantial amount of new data not previously reviewed by the FDA.

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GLX Competitors

Company Last Change
Associated British Foods 831.00 GBX +1.50
AstraZeneca 2,732 GBX +37.00
Reckitt Benckiser Group 3,166 GBX +37.00
Shire 1,159 GBX +24.00
Unilever 1,818 GBX +31.00
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Industry Analysis

Valuation GLX Industry Range
Price/Earnings 100.0x
Price/Sales 241.1x
Price/Book 706.4x
Price/Cash Flow 1,373.9x
TEV/Sales 245.9x

GLX

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GLX transactions

Type
Date
Target
Private Placement
October 22, 2009
SuperGen Inc.
Private Placement
August 4, 2009
Neurosearch A/S
Merger/Acquisition
July 2, 2009
Bristol-Myers Squibb Co., Branded Generics Business In Middle East
View More GLX Transactions...

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