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Pulses race, shares rise over 2 new drugs in GlaxoSmithkline pipeline.
Knight Ridder/Tribune Business News, November, 2004
Daily Mail, London Knight Ridder/Tribune Business News
Nov. 2--GlaxoSmithkline issued more encouraging updates on two fledgling drugs -- providing a much-needed tonic for the shares (up 16 pence to [pounds sterling]11.63).
It underlines analysts' claims that GSK has the strongest new-products pipeline of any pharmaceutical firm.
Studies show its breast cancer pill Lapatinib fights tumours that have shown no response to existing treatment. Its experimental anti-Aids compound keeps patients healthy for longer with fewer side effects than current therapies.
GSK is emerging from a year of zero growth as sales of some of its best-selling products dissolved under copycat competition.
The City is betting on the identity of...
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