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BRIEF-GSK says it is the best owner for Human Genome

Wed, 25th Apr 2012 14:04


LONDON, April 25 (Reuters) - GlaxoSmithKline Plc:

* CEO says HGS offe
r 'very full and fair'

* CEO says GSK is the 'compelling owner' for Human Genome

* CEO says will remain 'extremely disciplined' on Human Genome

* CEO says bid for HGS is natural consequence of development of successful

partnership

* CEO says HGS royalty rate on albiglutide around 5 percent

* CEO says nothing more to say on relationship with Theravance

* CEO says does not subscribe to view that deals always get done at higher

prices

* CEO says vaccine business to balance out over year

* CEO says very confident that emerging market growth rate will come back to

above 11 percent

* CEO says European price cuts have been 'a fraction worse' in Q1 at around 4.5

percent

* CEO says Turkey, Russia have seen significant pricing pressure

* CEO says essentially had zero sales from alli in Q1 due to Roche supply

problem

* CEO says one interim analysis of darapladib has been done by independent

group

* CEO says interim analysis of darapladib was futility/extreme efficacy showing

trial should continue

* CEO says won't know if darapladib works for 2 years, interim analysis has not

changed GSK view on drug

((London Equities Newsroom; +44 20 7542 7717))



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Related Shares: Glaxosmithkline (GSK).


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