GSK Granted EMA Approval For Lupus Drug

GlaxoSmithKline’s Lupus drug Benlysta has been granted European Medical Association approval, reports

The approval seems to have come at the right time for GSK, with sales of the Advair respiratory drug falling 7% in June alone. Generic versions of Advair are expected by early next years, further eating into sales.

Benlysta’s approval in Europe, following earlier US approval, means it should balance out profit from the Advair losses, meaning that GSK are expected to maintain large profits next year, just as other big pharmaceutical companies struggle.

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