GSK (GlaxoSmithKline) is a global biopharma company dedicated to advancing science, technology, and talent to address diseases worldwide. The company develops, manufactures, and commercializes a diverse range of medicines, vaccines, and over-the-counter (OTC) products. Its offerings span treatments for various diseases, including HIV, respiratory conditions, cancer, and bacterial infections, as well as vaccines for numerous illnesses.
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Specialty Medicines - Focuses on innovative treatments for HIV, oncology, respiratory conditions, and immunology, addressing complex and specialized medical needs.
- HIV Medicines - Includes products developed by ViiV Healthcare for HIV treatment and prevention.
- Respiratory/Immunology - Offers medicines for respiratory diseases and immune system disorders.
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General Medicines - Provides established pharmaceuticals for respiratory conditions and other common diseases.
- Respiratory Products - Includes Trelegy Ellipta and Anoro Ellipta for respiratory care.
- Other Pharmaceuticals - Features products like Augmentin and Lamictal for broader therapeutic use.
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Vaccines - Develops vaccines for diseases such as shingles, RSV, hepatitis, bacterial meningitis, and HPV infections.
- Shingrix - A leading shingles vaccine.
- Arexvy - A vaccine for respiratory syncytial virus (RSV).
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Name | Position | External Roles | Short Bio | |
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Dame Emma Walmsley ExecutiveBoard | Chief Executive Officer (CEO) | Independent Director at Microsoft, Inc. | Dame Emma Walmsley has been the CEO of GSK since April 1, 2017. Previously, she served as CEO of GSK Consumer Healthcare from March 2015 to March 2017 and joined GSK in 2010 from L'Oréal. | View Report → |
Deborah Waterhouse ExecutiveBoard | President of Global Health at GSK | Non-Executive Director of Schroders plc | Deborah Waterhouse is the President of Global Health at GSK and has been part of the GSK Leadership Team since January 2020, after joining GSK in 1996. Previously, she served as CEO of ViiV Healthcare since April 2017 and held several senior roles within GSK. | |
James Ford ExecutiveBoard | Senior Vice President (SVP) and Group General Counsel, Legal and Compliance | Director of the European General Counsel Association; Director of the Association of Corporate Counsel; Co-chair of the US-based Civil Justice Reform Group | James Ford is the Senior Vice President (SVP) and Group General Counsel, Legal and Compliance at GSK, having joined the GSK Leadership Team in 2018 and expanded his responsibilities in 2021. He has been with GSK since 1995, serving in multiple senior legal roles. | |
Julie Brown ExecutiveBoard | Chief Financial Officer (CFO) | Non-Executive Director and Chair of the Audit Committee at Diageo plc | Julie Brown has been serving as GSK's CFO since 1 May 2023 after being appointed on 3 April 2023. She is an Executive Director on the Board and brings extensive financial leadership experience, with an upcoming role as Non-Executive Director and Chair of the Audit Committee at Diageo plc. | |
Luke Miels ExecutiveBoard | Chief Commercial Officer | Member of the Singapore Economic Development Board | Luke Miels has been the Chief Commercial Officer at GSK since 2017, overseeing the company’s commercial portfolio of medicines and vaccines. He also co-chairs the Portfolio Investment Board and serves on the ViiV Healthcare Board. | |
Regis Simard ExecutiveBoard | President, Global Supply Chain | Member of the Board of ViiV Healthcare | Regis Simard has been serving as President, Global Supply Chain at GSK since 2018, overseeing the manufacturing and supply of GSK's medicines and vaccines. He began his GSK career in 2005 as a Site Director in France and advanced to Senior Vice President of Global Pharmaceuticals Manufacturing before his current role. | |
David Redfern Executive | President, Corporate Development | Chairman of the Board of ViiV Healthcare Limited; Non-Executive Director of Aspen Pharmacare Holdings Limited | David Redfern joined GSK in 1994 and was appointed to the GSK Leadership Team as Chief Strategy Officer in 2008, later becoming President, Corporate Development. | |
Diana Conrad Executive | Chief People Officer | Diana Conrad is the Chief People Officer at GSK and has been a member of the GSK Leadership Team since April 2019. Previously, she served in senior HR roles for Pharmaceuticals R&D and Consumer Healthcare, playing key roles in transforming HR strategies. | ||
Phil Thomson Executive | President, Global Affairs | Phil Thomson has served as President, Global Affairs at GSK since 2017, where he drives strategic stakeholder engagement and policy development. Previously, he was Senior Vice President, Communications and Government Affairs, and he began his career at Glaxo Wellcome in 1996. | ||
Sally Jackson Executive | Senior Vice President (SVP), Global Communications and CEO Office | Sally Jackson is the Senior Vice President (SVP), Global Communications and CEO Office at GSK, where she leads global communications and government affairs and serves as the CEO's Chief of Staff. She has been with GSK since 2001 and joined the GSK Leadership Team in March 2019, marking a significant ascent in her career at the company. | ||
Shobie Ramakrishnan Executive | Chief Digital and Technology Officer | Non-Executive Director at Deliveroo | Chief Digital and Technology Officer at GSK since 2021, instrumental in driving digital transformation; previously, led Digital and Technology for GSK’s Global Commercial Organisation from 2018 to 2021. | |
Tony Wood Executive | Chief Scientific Officer (CSO) | Tony Wood has been the Chief Scientific Officer at GSK since August 1, 2022. He joined GSK in 2017 as Senior Vice President, Medicinal Science and Technology and previously led drug discovery and development at Pfizer. | ||
Charles Bancroft Board | Senior Independent Non-Executive Director | Board Member at Kodiak Sciences Inc; Board Member at BioVector Inc; Advisory Board Member at Drexel University’s LeBow College of Business | Charles Bancroft is a Senior Independent Non-Executive Director at GSK since July 18, 2022 and chairs the Audit & Risk Committee; he previously served in senior financial roles at Bristol Myers Squibb including CFO and other executive positions. | |
Dr Anne Beal Board | Independent Non-Executive Director | Dr. Anne Beal is an Independent Non-Executive Director and Chair of the Corporate Responsibility Committee at GSK, bringing extensive experience as a physician, entrepreneur, and health policy expert. She is known for her work in patient advocacy and driving GSK's ESG initiatives. | ||
Dr Gavin Screaton Board | Non-Executive Director | Head of Medical Sciences Division at the University of Oxford; Non-Executive Director of Oxford University Hospitals NHS Foundation Trust; Trustee of the Jenner Vaccine Foundation; Co-founder of RQ Bio | Dr. Gavin Screaton joined GSK as a Non-Executive Director on 1 May 2025 and serves on both the GSK Board Science Committee and the Corporate Responsibility Committee. Previously, he held roles including Head of Medical Sciences Division at the University of Oxford, Non-Executive Director of Oxford University Hospitals NHS Foundation Trust, Trustee of the Jenner Vaccine Foundation, and Co-founder of RQ Bio. | |
Dr Hal Barron Board | Non-Executive Director | CEO and Board Co-Chair at Altos Labs Inc; Associate Adjunct Professor in Epidemiology & Biostatistics at the University of California, San Francisco | Dr Hal Barron served as Chief Scientific Officer and President, R&D starting April 1, 2018 before transitioning to his current role as Non-Executive Director on August 1, 2022. He has vast biosciences experience, having held senior roles at Calico LLC, Roche, and Genentech. | |
Dr Harry (Hal) Dietz Board | Independent Non-Executive Director | Non-Executive Board Director at the Altius Institute for Biomedical Sciences | Dr. Harry (Hal) Dietz is an Independent Non-Executive Director at GSK, appointed on 1 January 2022. He is a world-leading expert in human genetics with significant contributions in the field of Marfan Syndrome and the development of novel therapies. | |
Dr Jeannie Lee Board | Independent Non-Executive Director | Professor of Genetics and Pathology at Harvard Medical School; Acting Chair of the Department of Molecular Biology at Massachusetts General Hospital; Scientific Advisory Board member at Skyhawk Therapeutics, Inc. | Dr Jeannie Lee is an Independent Non-Executive Director at GSK, joining the Board on March 4, 2024 and recognized as a renowned expert in RNA Biology with significant contributions in academia and biotech innovation. | |
Dr Vishal Sikka Board | Independent Non-Executive Director | Board Member, Oracle Corporation; Member, Supervisory Board, BMW AG; Member of the Advisory Board of Stanford University's AI Center | Dr. Vishal Sikka serves as an Independent Non-Executive Director at GSK since July 18, 2022. He brings deep expertise in AI, ML, and cybersecurity with prior leadership roles as CEO of Infosys and Founder of Vianai Systems. | |
Elizabeth McKee Anderson Board | Independent Non-Executive Director | Board Member at BioMarin | Elizabeth McKee Anderson has served as the Independent Non-Executive Director at GSK since 1 September 2022. She brings extensive experience from her roles in commercial biopharmaceuticals at Janssen Pharmaceuticals and Wyeth Vaccines, and she contributes valuable expertise through her board participation at BioMarin. | |
Sir Jonathan Symonds Board | Non-Executive Chair | Non-Executive Chair of Energy Aspects; Member of the European Round Table for Industry; Senior Advisor to Chatham House | Sir Jonathan Symonds, a seasoned finance and life sciences expert, has served as GSK's Non-Executive Chair since 1 September 2019. Previously, he held roles such as Independent Non-Executive Director at HSBC and CFO positions at Novartis and AstraZeneca. | |
Wendy Becker Board | Independent Non-Executive Director | Chair of Logitech International S.A.; Board Member and Chair of the Compensation Committee at Sony Group Corporation; Senior Independent Director and Chair of the Remuneration Committee at Oxford Nanopore Technologies plc; Member of the governing bodies of the University of Oxford | Wendy Becker has served as an Independent Non-Executive Director at GSK since October 1, 2023, and brings extensive experience from leadership roles including CEO at Jack Wills Limited and Group Chief Marketing Officer at Vodafone Group plc. She has also contributed to governance through board roles with organizations such as Cancer Research UK and NHS England. |
- Given the extended PDUFA date for BLENREP and evolving regulatory feedback from the FDA, how does management plan to mitigate potential delays in U.S. approval and what quantitative impact might this have on the 2028 and 2031 financial outlook?
- With anticipated U.S. tariffs and noted supply chain optimization charges affecting gross margins, can you provide more detailed insights on the expected margin accretion in the second half of 2025 and your specific mitigation strategies?
- In light of the revised timelines and recruitment challenges noted in the Camlopixant phase III studies, what specific adjustments are being implemented to ensure robust U.S. enrollment and timely data readouts without compromising patient safety?
- Considering the recent BD deals, such as the Hengrui collaboration and acquisition of IDRX, how does management balance increased R&D investments with strategic acquisitions to sustain pipeline growth, and what are the key criteria for evaluating these opportunities?
- With ongoing discussions around MFN and DTC cash pay options in the U.S., how does management plan to adapt pricing and market access strategies in critical segments like anti-infectives and HIV, and what timelines do you foresee for these initiatives?
Research analysts who have asked questions during GSK earnings calls.
James Gordon
JPMorgan Chase & Co.
4 questions for GSK
Graham Parry
Bank of America Corporation
3 questions for GSK
Rajan Sharma
Goldman Sachs Group, Inc.
3 questions for GSK
Simon Baker
Redburn Atlantic
3 questions for GSK
Emily Field
Barclays
2 questions for GSK
Kerry Holford
Berenberg
2 questions for GSK
Peter Verdult
Citigroup Inc.
2 questions for GSK
Peter Welford
Jefferies
2 questions for GSK
Richard Parkes
BNP Paribas Exane
2 questions for GSK
Steve Scala
Cowen
2 questions for GSK
Jo Walton
UBS
1 question for GSK
Justin Steven Smith
Bernstein
1 question for GSK
Mark Purcell
Morgan Stanley
1 question for GSK
Matthew Weston
UBS Group AG
1 question for GSK
Michael Leuchten
Jefferies
1 question for GSK
Sachin Jain
Bank of America
1 question for GSK
Sarita Kapila
Morgan Stanley
1 question for GSK
Timothy Anderson
BofA Securities
1 question for GSK
Notable M&A activity and strategic investments in the past 3 years.
Company | Year | Details |
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Sierra Oncology, Inc. | 2022 | The acquisition was completed for approximately $1.9 billion in cash at $55 per share, adding momelotinib to address myelofibrosis and strengthening GSK’s oncology portfolio. |
BELLUS Health Inc. | 2023 | Completed on 28 June 2023, this acquisition for US$2.0 billion (at a premium of about 100%) delivers camlipixant, a phase III asset for treating refractory chronic cough, with expected regulatory approval and launch in 2026. |
Affinivax Inc. | 2023 | The deal integrated Affinivax’s innovative MAPS platform and next‐generation pneumococcal vaccine candidates into GSK’s portfolio, with significant restructuring and contingent consideration costs recorded. |
Aiolos Bio, Inc. | 2024 | Completed with an upfront payment of $1 billion plus up to $400 million in success-based milestones, this acquisition expands GSK’s respiratory pipeline with AIO-001, a phase II-ready antibody targeting the TSLP pathway. |
Elsie Biotechnologies | 2024 | This completed acquisition for up to US$51 million provides access to advanced oligonucleotide therapeutics and complementary P(V) chemistry technologies, boosting GSK’s drug discovery platform. |
Efimosfermin | 2025 | The acquisition of Efimosfermin alfa—valued up to $2 billion with $1.2 billion upfront and potential for $800 million in milestone payments—expands GSK’s hepatology pipeline by targeting steatotic liver disease. |
Cellphenomics GmbH | 2025 | Completed in 2025 for up to €44 million, this deal brings proprietary capabilities in creating durable organoid models from Berlin, enhancing GSK’s research and development capabilities. |
IDRx, Inc. | 2025 | The acquisition, completed with a total consideration of $1.15 billion (including $1 billion upfront plus additional milestone payments), adds IDRX-42—a selective TKI for gastrointestinal stromal tumors—strengthening GSK's oncology portfolio. |
Recent press releases and 8-K filings for GSK.
- GSK plc purchased an aggregate of 335,000 of its ordinary shares on October 2, 2025, as part of its existing buyback programme.
- The shares were acquired at prices ranging from a lowest price of 1,638.50p to a highest price of 1,683.00p per share, with a volume-weighted average price of 1,655.37p.
- Following this purchase, GSK plc holds 248,366,844 ordinary shares in treasury, representing 6.11% of the total voting rights.
- Since September 30, 2025, the company has purchased a total of 902,000 ordinary shares.
- GSK plc purchased 262,000 ordinary shares on October 1, 2025, through BNP Paribas SA, as part of its existing buyback programme.
- The volume-weighted average price paid per share was 1,626.49p, with prices ranging from a low of 1,594.50p to a high of 1,670.00p.
- Since September 30, 2025, the company has purchased a total of 567,000 ordinary shares.
- Following this purchase, GSK plc will hold 248,031,844 ordinary shares in treasury, representing 6.10% of the total voting rights.
- GSK plc purchased 305,000 of its ordinary shares on 30 September 2025 through BNP Paribas SA, as part of its existing buyback programme.
- The shares were acquired at prices ranging from a lowest of 1,521.00p to a highest of 1,591.00p, with a volume-weighted average price of 1,548.83p.
- These purchased shares will be held as Treasury shares.
- Following this transaction, the company holds 247,769,844 ordinary shares in treasury, which represents 6.09% of the total voting rights.
- GSK plc announced the third tranche of its £2 billion share buyback programme on September 30, 2025.
- This tranche is for up to £0.3 billion and is expected to commence on September 30, 2025, with completion anticipated by December 19, 2025.
- The programme's purpose is to return excess capital to shareholders, reduce share capital, and is expected to enhance earnings per share.
- GSK plc has appointed Luke Miels as CEO Designate, who will assume full responsibilities as CEO and join the Board on January 1, 2026.
- Miels, currently Chief Commercial Officer, has been instrumental in building GSK's specialty medicines portfolio.
- He will succeed Dame Emma Walmsley, who will step down from the Board on December 31, 2025, and remain with the company until September 30, 2026, to support an orderly transition.
- Luke Miels' starting base salary will be £1,375,000, with an on-target annual bonus of 150% and a 2026 Long Term Incentives grant of 7.25x salary.
- The company has set a target for total sales of more than £40 billion by 2031, with 2026 marking a pivotal new phase to deliver these outlooks under the new leadership.
- Emma Walmsley will step down as CEO of GSK at the end of 2025, with her notice period concluding on September 30, 2026.
- Luke Miels, GSK's current chief commercial officer, will succeed Walmsley as CEO starting January 1, 2026.
- Walmsley is recognized for transforming GSK, including overseeing the demerger of its consumer healthcare business, Haleon, and strengthening its biopharma portfolio.
- Miels, who joined GSK in 2017, has extensive global biopharma experience and has been responsible for building GSK's drug portfolio, notably in oncology.
- Walmsley's total compensation in the previous year was £10.6 million, down from £12.7 million in 2023.
- GSK has upgraded its full-year guidance to the top end of the range and maintains its long-term sales guidance of more than $40 billion by 2031, noting a $6 billion gap between company guidance and current consensus, largely due to oncology assets like Blenrep.
- The company expects five major approvals and four launches this year, with key upcoming events including the October 23 PDUFA date for Blenrep and the anticipated December approval for Depemokimab. Blenrep is projected to achieve more than $3 billion in sales.
- R&D spending is set to grow at a higher rate than sales to expedite pipeline development.
- Significant growth opportunities are identified in Shingrix, particularly outside the U.S. and in China, and in the HIV business with new long-acting solutions.
- On September 19, 2025, several directors of GSK plc purchased company shares or American Depositary Shares (ADSs).
- Charles Bancroft, Senior Independent Non-Executive Director, purchased 1,880 ADSs at $40.7387 per ADS on the New York Stock Exchange.
- Wendy Becker, an Independent Non-Executive Director, purchased 526 Ordinary Shares at £15.0300 per share on the London Stock Exchange.
- Other directors, including Elizabeth (Liz) McKee Anderson, Dr Hal Barron, Dr Anne Beal, Dr Hal Dietz, Dr Jeannie Lee, and Dr Vishal Sikka, also purchased ADSs at $40.7387 each on the New York Stock Exchange, with individual volumes ranging from 239 to 827 ADSs.
- GSK plc purchased 209,886 of its ordinary shares on September 17, 2025, as part of its existing buyback programme.
- The shares were acquired at prices ranging from a lowest price of 1,461.50p to a highest price of 1,478.50p, with a volume-weighted average price of 1,471.87p.
- Following this purchase, GSK plc holds 247,448,986 ordinary shares in treasury, representing 6.08% of the total voting rights.
- Since the buyback programme began on June 4, 2025, the company has purchased a total of 29,314,603 ordinary shares.
- GSK plc plans to invest $30 billion in research and development (R&D) and supply chain infrastructure in the United States over the next five years.
- This includes a new $1.2 billion investment in advanced manufacturing facilities, AI, and advanced digital technologies, which is expected to create hundreds of highly skilled U.S. jobs.
- The $1.2 billion investment specifically covers the construction of an additional new biologics flex factory in Upper Merion, Pennsylvania, with construction planned to commence in 2026, and new AI and advanced digital technology capabilities across GSK's existing five U.S. manufacturing sites.
- Over the last 12 months, GSK has committed approximately $2 billion to U.S. manufacturing, including an $800 million facility at Marietta, Pennsylvania, which began construction in October 2024.