Competition And Market ThreatsGilead's competing INSTI-based regimens present a real competitive threat to GSK's longer-term pipeline ambitions in HIV.
Earnings And Financial PerformanceGSK faces a headwind from a benefit redesign impacting its financials, contributing to the slower expected growth in the coming years.
Vaccine PerformanceGSK's vaccines have been underperforming, with Arexvy and Shingrix not meeting expectations, leading to a continued weakness in this segment.