Only yesterday, GlaxoSmithKline had warned investors that it expected a generic Advair to hit the US market this year, and forecast the drug’s annual revenues of £1.6 billion would be cut in half.

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GlaxoSmithKline has confirmed it will face a challenging 2019 as generics of its big-selling Advair drug finally reach the US, as it continues the transformation of its business. The FDA approved ...

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