Can GlaxoSmithKline Overcome This Huge Incoming Loss?
GlaxoSmithKline has a problem.
Advair turned in over $8 billion in sales last year, accounting for about a quarter of Glaxo's top line.
Advair's composition lost patent protection in 2010, but the patent on part of the Advair Diskus device remains in force until mid 2016. Once that last patent expires, we can probably expect a massive decline in Advair sales. Of course, Glaxo isn't sitting still waiting for a huge portion of its top line to evaporate.
But is it enough?
In the video below, health care analysts Michael Douglass and David Williamson give their take.
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The article Can GlaxoSmithKline Overcome This Huge Incoming Loss? originally appeared on Fool.com.David Williamson owns shares of Novartis. Michael Douglass has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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