Emma Walmsley
Chief Executive Officer
Replay available
GSK plc (NYSE: GSK) Q3 2025 earnings conference call, held 2025-10-29. Replay captured from the company's public earnings webcast.

Chief Executive Officer
Analyst, BNP Paribas
Analyst, UBS Securities
Analyst, Jefferies
Analyst, Berenberg
Analyst, Redburn
Analyst, Bank of America
Analyst, Morgan Stanley
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WEBVTT 00:00:00.031 -- 00:00:02.820 For example, I'm excited by GSK261, 00:00:02.820 -- 00:00:07.977 a new monoclonal antibody for polycystic kidney disease, which received orphan 00:00:07.977 -- 00:00:13.355 drug designation by the FDA. Lastly, and very importantly, 00:00:13.355 -- 00:00:18.243 we continue to optimize our supply chain to scale up capacity for our new medicines and 00:00:18.243 -- 00:00:24.293 vaccines. Last month, we confirmed our intention to invest $30 billion in 00:00:24.293 -- 00:00:29.422 R&D and advanced manufacturing in the US over the next five years, including 00:00:29.422 -- 00:00:34.210 the imminent construction of a new biologics flex factory in Pennsylvania. 00:00:34.210 -- 00:00:36.791 Next slide, please. 00:00:37.240 -- 00:00:42.367 Since 2021 and then GSK's successful launch as a new 00:00:42.367 -- 00:00:47.775 focused biopharma company, we've delivered 18 consecutive quarters 00:00:47.775 -- 00:00:53.183 of profitable sales growth, upgraded annual guidance each year, improved 00:00:53.183 -- 00:00:58.931 our medium-term outlooks and upgraded long-term outlooks twice from an initial 33 00:00:58.931 -- 00:01:04.375 billion pounds by 2031 to now more than 40 billion pounds. 00:01:04.375 -- 00:01:09.100 all underpinned by a much stronger balance sheet. 00:01:09.100 -- 00:01:14.669 We've all been resolutely focused on this step change in sharper operational 00:01:14.669 -- 00:01:20.158 performance, alongside accelerating investment in R&D and significantly improving 00:01:20.158 -- 00:01:24.104 the quality and scale of GSK's innovation. 00:01:24.104 -- 00:01:29.713 So today, GSK is a very different company in performance, pipeline, 00:01:29.713 -- 00:01:34.721 and prospects. And this team is determined to sustain and improve upon 00:01:...