The biggest drugs merger would create a pounds 17bn mega-group
Sunday 25 January 1998
SmithKline made pre-tax profits of pounds 1.5b in 1996 on sales of pounds 7.9bn. Its shares trade on a historic price/earnings ratio of 38.6: the industry average is 24. AHP had pounds 8.6bn sales in 1996, and pre-tax profits of pounds 1.6bn. Its shares' historic PE is nearly 30.
In prescription drugs, AHP-SmithKline would leapfrog Glaxo Wellcome to first place in the $222bn market. SmithKline is best known for anti-ulcerant Tagament, antibiotic Augmentin, and antidepressant Seroxat and produces many vaccines. AHP sells Premarin, the biggest-selling antidote for osteoporosis in post-menopausal women, the anxiety drug Effexor, the antibiotic Minocin and other major drugs.
SmithKline generates about 30 per cent of its sales in over-the-counter remedies such as Tums antacids, Aquafresh dental products and Panadol analgesics. AHP sells the analgesic Advil and oral contraceptives.
Copyright: IOS & Bloomberg
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
iJobs Money & Business
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...
$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...