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GlaxoSmithKline Posts 13-Percent Earnings Rise in 2001.

Knight Ridder/Tribune Business News

| February 15, 2002 | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Linda Loyd, The Philadelphia Inquirer Knight Ridder/Tribune Business News

Feb. 15--One year after a big merger created GlaxoSmithKline P.L.C., the company posted a 13 percent increase in 2001 earnings, bolstered by strong sales of the asthma drug Advair.

Executives of the world's second-largest drug company yesterday predicted earnings growth in the mid-teens for 2002, and for the first time forecast growth in the "low-teens or better" for 2003.

Glaxo, which has major offices and research and development operations in the Philadelphia area, "is very confident about the future," chief executive officer Jean-Pierre Garnier said at a press …

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Source: HighBeam Research, GlaxoSmithKline Posts 13-Percent Earnings Rise in 2001.

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