GSK PLC

GSK: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 9,282.00	Qbgf	Lvbnwrycl

Glaxo Acquires Affinivax, Gaining an Intriguing Clinical Pneumococcal Vaccine at a Reasonable Price

Damien Conover

May 31, 2022

Glaxo’s over $2 billion acquisition of Affinivax yields an intriguing late-stage pneumococcal vaccine at a reasonable price, but we don’t expect any major changes to our fair value estimate based on the transaction. The deal shows the strength of Glaxo to bring in external innovation to reinforce its pipeline, a key element to Glaxo’s wide moat.

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