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Vaccines increased 11 percent to $1,280 millionNew
vaccines, accounting for 63 percent of the total vaccine portfolio, were up 20 percent,
boosted by the performance of Infanrix, the companys DTPa (diphtheria, tetanus
and pertussis) range of combination vaccines growing at 47 percent. ...
Pharmaceutical sales by therapeutic area
2000
Total USA
Europe
RoW
$m CER% $m CER% $m
CER% $m CER%
VACCINES
1,280 11 322
(5) 593 11
365 29
Hepatitis
702 (3) 255
(4) 319 (3)
128
(2)
Infanrix
260 47 53
59 149 34
58 84
http://biz.yahoo.com/prnews/010221/glaxosmithkline_earns.html
Press Release
SOURCE: GlaxoSmithKline plc
GlaxoSmithKlines Strong Performance from Key Therapy
Areas and New Products Drives Earnings Per Share Growth to 16% in Sterling (14%
CER)
HIGHLIGHTS
·
Pharmaceutical sales up 10 percent
·
Sales growth in key therapy areas: CNS 16 percent,
Respiratory 15 percent, Anti-virals 14 percent
·
New products contributed nearly $1.5 billion in growth,
up 60 percent
·
Avandia sales of $702 million
·
Seretide sales of $316 million, US launch of
Seretide/Advair planned for
April 2001
·
Business performance profits before tax up 11 percent;
EPS up 14 percent
LONDON, Feb. 21 /PRNewswire/ -- GlaxoSmithKline plc (NYSE:
GSK - news;
GSK) today announces its results for the year ended
December 31, 2000, summarized below. The merger of Glaxo Wellcome (GW) and
SmithKline Beecham (SB) was completed on December 27, 2000, and the results
for 2000 reflect the combined results of the separate GW and SB businesses in 2000.
2000 BUSINESS PERFORMANCE RESULTS
2000 1999 Increase
$m $m CER%
Total
Sales 27,480 26,186 9
Trading
Profit 7,640 7,133 12
Profit
Before Tax 8,097 7,627 11
Earnings
Per ADR $1.85 $1.71 14
Business performance results exclude merger items and
restructuring costs.
Growth rates are at constant exchange rates (CER) unless
otherwise stated.
1999 sales and trading profit exclude Healthcare Services.
Commenting on the performance for the year, Jean-Pierre
Garnier, Chief Executive Officer, said:
These results, achieved while we were separate companies,
demonstrate the strength and performance of the two organizations we have
brought together to form GSK. Clearly our employees remained focused on
maintaining the momentum of our separate businesses, despite the distraction of
integration planning, and delivered excellent results. Im particularly pleased
by the performance of Seretide and Avandia. The business is in good shape and
GSK is off to a strong start.
Fourth quarter 2000 -- Sales growth in the fourth quarter
was 4 percent, essentially reflecting the impact of wholesaler stocking in the
third quarter in the USA. Key products, such as Paxil, Augmentin and
Wellbutrin, achieved significantly higher growth in prescription volume than in
reported sales, indicating that underlying business performance in the fourth
quarter remained strong.
Pharmaceuticals
Pharmaceutical sales of $23,452 million were 85 percent of
total sales and grew at 10 percent. With sales of over $4 billion, new products
represent 17 percent of pharmaceutical sales and grew 60 percent.
Pharmaceutical sales in the USA, which represents half of
GSKs total pharmaceutical business, grew 15 percent driven by strong
performances from all major products. In Europe, pharmaceutical sales growth
was 6 percent, while the rest of the world (RoW) was up 8 percent.
Strong growth from key therapy areas: CNS growth driven by
Seroxat/Paxil
In GSKs largest sales category, CNS, excellent growth of
16 percent to $4,984 million was driven by an outstanding performance from Seroxat/Paxil,
which increased by 17 percent to $2,356 million. During 2000, Paxil became the
market leader in the US SSRI (selective serotonin reuptake inhibitor) market in
new retail prescriptions. Paxil benefited throughout the world from its new
indication for Social Anxiety Disorder. GSKs strategy of broadening the label
for new indications continued with filings for Generalized Anxiety Disorder and
Post Traumatic Stress Disorder, and the expected launches during 2001 will
contribute to further growth of Paxil in the USA. In Europe, where Seroxat
continues to be the number one antidepressant, its sales grew by 11 percent to
$508 million, while in the RoW growth was 29 percent to $242 million. Paxil was
launched in Japan at the end of 2000 and is off to a strong start.
Wellbutrin for depression also made a significant
contribution to GSKs strong CNS performance. In the USA, sales grew 19
percent, and worldwide sales amounted to $687 million. In the companys
migraine portfolio which achieved sales of $1,189 million, up 5 percentImigran/Imitrex
remains the global market leader with sales of $1,072 million.
Lamictal for epilepsy grew strongly -- 28 percent to $439
million worldwide and 34 percent in the USA to $210 millionowing to additional
promotional resources in the USA.
Three key Respiratory productsSeretide, Flixotide, and
Serevent contributed $623 million in growthIn the Respiratory therapy area, Flixotide/Flovent,
up 29 percent to $1,338 million, continues to be the worlds leading treatment
for asthma. US sales growth of 57 percent represents an outstanding
performance. Seretide achieved sales of $316 million, and continues to be
successfully launched in markets around the world. Further Seretide growth will
be driven by its US launch planned for April under the trade name Advair. The
company expects Seretide/Advair to become the treatment of choice for
persistent asthma.
Anti-viral leadership continued with the launch of
Trizivir, the first triple combination treatment for HIV/AIDSThe growth of GSKs
HIV products, up 14 percent to $1,740 million, contributed strongly to the performance
of the companys Anti-viral therapy area. Combivir grew 21 percent to $854
million, while Trizivir, the first triple combination HIV therapy, was launched
in the USA in December 2000 and subsequently in the UK, France and Switzerland.
Strong performances from Ziagen and Agenerase, with combined sales of over $300
million, reflect the broadness of the HIV portfolio. In the herpes franchise,
Valtrex, up 32 percent to $368 million, gained significant market share owing
to the convenience of its once-daily dosing.
Confirmed success of Avandia drove the Metabolic & GI businessAvandia
for the treatment of Type 2 diabetes continues to fulfill its outstanding potential,
achieving sales of $702 million. With sales in the US of $658 million and a 55
percent market share, Avandia has been prescribed to over 1.7 million patients.
In 2001, further growth is expected from Avandia as it continues to rollout in
Europe and RoW. Lotronex, a treatment for irritable bowel syndrome, was
launched in the USA in March 2000 and generated sales of $55 million before
being withdrawn in November 2000.
Augmentin retained momentum in Anti-bacterials, with
long-term opportunities for growthThe highlight of the performance in the
Anti-bacterial therapy area was Augmentin in the USA, where it grew by 13 percent
to $1,102 million, benefiting from increased awareness of its effectiveness in
treating drug-resistant bacteria. Worldwide, Augmentin achieved total sales in
2000 of $1,853 million, up 8 percent.
Vaccines increased 11 percent to $1,280 millionNew
vaccines, accounting for 63 percent of the total vaccine portfolio, were up 20
percent, boosted by the performance of Infanrix, the companys DTPa
(diphtheria, tetanus and pertussis) range of combination vaccinesgrowing at 47
percent.
Consumer Healthcare
Consumer Healthcare sales grew 3 percent; trading profit
grew 7 percent
In the USA, consumer sales decreased 3 percent, reflecting
the impact of private label smoking control products and a mild flu season.
Worldwide sales of Oral Care products rose 6 percent to
$976 million, with sales growth of 13 percent in the Aquafresh product line.
Nutritional Healthcare products increased 9 percent to $813 million. Sales
growth was primarily driven in the UK by the strength of Lucozade Sport and
by the success of Ribena. Worldwide sales of over-the-counter (OTC) medicines totalled
$2,210 million, down 1 percent primarily owing to an 8 percent decline in the
smoking control franchise.
Consumer Healthcare set to benefit from Block Drug
acquisitionIn January 2001, GSK completed the acquisition of Block Drug, the
manufacturer of Sensodyne toothpaste and other oral healthcare and consumer
products, for $1.24 billion. This strategic acquisition will enhance the
Consumer Healthcare performance through a significant increase in sales and
sales synergies through geographic expansion of major brands, significant cost savings,
and other improvements in trading margins.
Dividend
Both GW and SB had already announced dividends for the
period up to 31st December 2000. GW will pay a second interim
dividend and SB a fourth interim dividend on 17th April 2001.
GSKone of the worlds leading research-based pharmaceutical
and
healthcare companiesis committed to improving the quality
of human life
by enabling people to do more, feel better and live longer.
For company
information, visit GSK on the World Wide Web at www.gsk.com.
Inquiries:
UK Media
Inquiries Martin
Sutton (020) 8966 8000
Philip Thomson (020)
8966 8000
Alan Chandler (020) 8975 2290
US Media
Inquiries Nancy
Pekarek (215) 751 7709
Mary Anne Rhyne (919) 483 2839
European Analyst/Investor
Inquiries
Jennie Younger (020) 8966
8378
Duncan Learmouth (020) 8966 5961
Joan Toohill (020) 8966 8715
Anita Kidgell (020) 8966 8369
US Analyst/ Investor
Inquiries
Frank Murdolo (212) 308
5185
Tom Curry (215) 751 5419
GSK prepares its results in pounds sterling. Accordingly,
the results announcement is issued in pounds sterling and is available on Corporate
Home at www.gsk.com.
This document is a convenience translation in US$.
Cautionary statement regarding forward-looking statements
Under the safe harbor provisions of the US Private
Securities Litigation Reform Act of 1995, GSK cautions investors that any
forward-looking statements or projections made by GSK, including those made in
this Announcement, are subject to risks and uncertainties that may cause actual
results to differ materially from those projected. Factors that may affect GSKs
operations include generic and brand competition for existing products, ability
to integrate the businesses and realize synergies and cost savings,
difficulties and uncertainties inherent in new product development, pricing
pressures, changes in government laws and regulations, efficacy or safety
concerns over marketed products, adverse outcome of material legal proceedings,
changes in tax laws, and economic factors over which GSK has no control
including changes in inflation, interest rates and foreign currency exchange
rates and controls.
PROFIT AND LOSS ACCOUNT
2000
Merger,
restructuring
Business and disposal of
performance subsidiaries Total
2000
1999 2000 1999
2000 1999
$m
$m CER% $m
$m $m $m
-----
----- ----- ----- -----
----- -----
SALES
Retained businesses
·
Pharma-
ceuticals
23,452 22,061 10
- - 23,452
22,061
·
Consumer
Healthcare 4,028 4,125
3 - -
4,028 4,125
------ ------ -----
----- ------- -------
27,480 26,186 9
- - 27,480
26,186
·
Healthcare
Services - 1,024 - - -
1,024
------- ------- ----- ----- -------
-------
Total
Sales 27,480 27,210 - - 27,480
27,210
------- ------- -----
----- ------- -------
Cost of
sales (5,793) (5,669) (8) (230) (646) (6,023)
(6,315)
Selling,
general and
administration
(10,232) (9,723) (9) (614)
(71) (10,846) (9,794)
Research and
development (3,815) (3,702) (7) (24) - (3,839)
(3,702)
------- ------- ----- ----- -------
-------
Operating costs
·
retained
businesses (19,840) (19,094) (868) (717) (20,708)
(19,811)
------- ------- -----
----- ------- -------
Operating costs
·
Healthcare
Services -
(983) - (49)
- (1,032)
TRADING PROFIT
Retained businesses
·
Pharma-
ceuticals
6,963 6,436 13
(800) (685) 6,163
5,751
·
Consumer
Healthcare 677 656
7 (68) (32)
609 624
------- ------- -----
----- ------- -------
7,640
7,092 12 (868)
(717) 6,772 6,375
·
Healthcare
Services - 41 - (49) -
(8)
------- ------- -----
----- ------- -------
Total Trading
Profit
7,640 7,133 12
(868) (766) 6,772
6,367
Other operating
income/(expense) 416 669 - - 416
669
------- ------- -----
----- ------- -------
Operating
profit 8,056 7,802 (868) (766) 7,188 7,036
Disposal of associates 219
63 - -
219 63 Profits/(losses)
of
associates 99 24 (12) (13) 87
11
Divestments - - 2,131 15 2,131 15
Merger transaction
costs - - (184) -
(184) -
------- ------- -----
----- ------- -------
Profit before
interest
8,374 7,889 11
1,067 (764) 9,441
7,125
Net interest
payable (277) (262) - - (277)
(262)
------- ------- -----
----- ------- -------
PROFIT BEFORE
TAXATION 8,097 7,627
11 1,067 (764)
9,164 6,863
Taxation (2,210) (2,150) (372) 176 (2,582)
(1,974)
------- ------- -----
----- ------- -------
Profit after
taxation 5,887 5,477
12 695 (588)
6,582 4,889
Minority
interests (183) (178) - - (183)
(178)
Preference share
dividends (85) (79) - - (85)
(79)
------- ------- ----- ----- -------
-------
EARNINGS 5,619 5,220
13 695 (588)
6,314 4,632
======= ======= =====
===== ======= =======
EARNINGS
PER ADR $1.85 $1.71
14 $2.08 $1.51
======= ======= ======= =======
To illustrate Business performance, merger items and
restructuring costs in 2000 and restructuring costs and business disposals in
1999 have been excluded and an adjusted EPS presented.
Appropriations of profit attributable to shareholders are
set out under
Appropriations. PROFIT AND LOSS ACCOUNT
Q4 2000
Merger,
restructuring
Business and disposal of
performance subsidiaries Total
Q4
Q4 Q4 Q4
Q4 Q4
2000
1999 2000 1999
2000 1999
$m
$m CER% $m
$m $m $m
-----
----- ----- ----- -----
----- -----
SALES
Retained businesses
·
Pharma-
ceuticals
6,319 6,388 5
- - 6,319
6,388
·
Consumer
Healthcare 1,064 1,154
(1) - -
1,064 1,154
------ ------ -----
----- ------ ------
7,383
7,542 4 -
- 7,383 7,542
·
Healthcare
Services - 7 - - - 7
------ ------ -----
----- ------ ------
Total
Sales 7,383 7,549 - - 7,383
7,549
------ ------ -----
----- ------ ------
Cost of
sales (1,538) (1,612)
(1) (134) (271)
(1,672) (1,883)
Selling,
general and
administration
(2,726) (2,865) 2
(271) (29) (2,997)
(2,894)
Research and
development (1,052) (1,107)
(2) (20) -
(1,072) (1,107)
------ ------ -----
----- ------ ------
Operating costs
·
retained
businesses (5,316) (5,584) (425) (300) (5,741)
(5,884)
------ ------ -----
----- ------ ------
Operating costs
·
Healthcare
Services -
(7) - (39)
- (46)
TRADING PROFIT
Retained businesses
·
Pharma-
ceuticals
1,858 1,786 14
(422) (274) 1,436
1,512
·
Consumer
Healthcare 209 172
29 (3) (26)
206 146
------ ------ -----
----- ------ ------
2,067
1,958 15 (425)
(300) 1,642 1,658
·
Healthcare
Services - - - (39) -
(39)
------ ------
----- ----- ------
------
Total Trading
Profit
2,067 1,958 15
(425) (339) 1,642
1,619
Other operating
income/(expense) 222 310 - - 222
310
------ ------ ----- ----- ------
------
Operating
profit 2,289 2,268 (425) (339) 1,864
1,929
Disposal of associates (3)
- - -
(3) - Profits/(losses)
of
associates 20 39 (1) (13) 19
26
Divestments - - 2,131 15 2,131 15
Merger transaction
costs - - (113) -
(113) -
------ ------ ----- ----- ------
------
Profit before
interest
2,306 2,307 9
1,592 (337) 3,898
1,970
Net interest
payable (64) (85) - - (64)
(85)
------ ------ -----
----- ------ ------
PROFIT BEFORE
TAXATION 2,242 2,222
10 1,592 (337)
3,834 1,885
Taxation (612) (619) (489) 58
(1,101) (561)
------ ------ -----
----- ------ ------
Profit after
taxation 1,630 1,603
11 1,103 (279)
2,733 1,324
Minority
interests (50) (46) - - (50)
(46)
Preference share
dividends (22) (21) - - (22)
(21)
------ ------ -----
----- ------ ------
EARNINGS 1,558 1,536 12 1,103
(279) 2,661 1,257
====== ====== =====
===== ====== ======
EARNINGS
PER ADR $0.51 $0.51
12 $0.88 $0.41
====== ====== ====== ======
To illustrate Business performance, merger items and
restructuring
costs in 2000 and restructuring costs in 1999 have been
excluded and an
adjusted EPS presented. Pharmaceutical sales by
therapeutic area
Total USA
Europe RoW
$m
CER% $m CER%
$m CER% $m
CER%
------------ ------------ ------------ -----------
CNS 4,984 16 3,507 15
1,031 16 446
28
Depression 3,043 17
2,272 18 508
11 263 31
Seroxat/Paxil 2,356 17
1,606 18 508
11 242 29
Wellbutrin 687 19
666 19 -
- 21 58
Migraine 1,189 5
894 5 231
- 64 11
Imigran/Imitrex 1,072 3
824 4 193
(2) 55 6
Naramig/Amerge 117 20
70 20 38
15 9 51
Lamictal 439 28
210 34 176
20 53 35
Requip 88 20 40 19
46 20 2
26
Zyban 175 54 91 1
52 >100 32
23
RESPIRATORY
4,239 15 1,705
26 1,698 9
836 10
Flixotide/
Flovent 1,338 29
629 57 464
2 245 49
Serevent 945 8
502 24 385
(6) 58 14
Seretide 316 >100 - - 272
>100 44
>100
Flixonase/
Flonase 620 16
447 18 68
10 105 14
Ventolin 521 (7)
47 (21) 226
(5) 248 (6)
Becotide 312 (25)
6 (82) 231
(12) 75 (40)
ANTI-BACTERIALS 3,758 2 1,736
7 1,072 (4)
950 1
Augmentin 1,853 8
1,102 13 486
(3) 265 9
Zinnat/Ceftin 654 -
310 (7) 172
3 172 10
Fortum 324 (9) 61 (17)
134 (1) 129
(14)
Amoxil 302 1 79 55
93 (18) 130
-
ANTI-VIRALS 2,886 14
1,394 17 807
13 685 12
HIV 1,740 14 1,043 16
525 18 172
(9)
Trizivir 11 >100 9 >100 2
>100
- -
Combivir 854 21
524 17 263
38 67 (5)
Epivir 470 (7) 250 -
152 (9) 68
(22)
Retrovir 92 (30)
38 (22) 35
(35) 19 (33)
Ziagen 234 75 152 46
67 >100 15
>100
Agenerase
79 60 70
52 6 81
3
>100
Herpes 936 5 286 14
246 1 404
3
Valtrex 368 32
224 24 88
22 56
>100
Zovirax 568 (7)
62 (12) 158
(8) 348 (6)
Zeffix 106
>100 8 >100 10 >100
88
>100
Relenza 49 97
21 29 9
51 19
>100
METABOLIC &
GASTRO-
INTESTINAL
1,873 33 903
>100 377 (13)
593
3
Avandia 702 >100 658 >100 12
>100
32
>100
Zantac 874 (11) 181 (18)
287 (16) 406
(4)
Lotronex 55 >100 55 >100 -
- -
-
VACCINES 1,280 11
322 (5) 593
11 365 29
Hepatitis 702 (3)
255 (4) 319
(3) 128 (2)
Infanrix 260 47
53 59 149
34 58 84
ONCOLOGY &
EMESIS 1,079 11
758 12 196
9 125 10
Zofran 746 13 514 15
141 12 91
6
Hycamtin 144 1
96 (5) 35
6 13 40
CARDIOVASCULAR 704
- 429 (8)
182 19 93
10
Coreg 225 11 225 17
- - -
-
ARTHRITIS
(Relafen) 319 (28)
278 (30) 26
(7) 15 (23)
DERMATOLOGICALS 378 (4) 53 (20)
94 (5) 231
-
OTHER 1,272 (2) 260 (6)
346 (7) 666
2
------------- ------------- ------------ ------------
TOTAL SALES
CONTINUING
BUSINESS
22,772 11 11,345
15 6,422 6
5,005 9
Divested
products 680 (2)
367 (1) 65
(5) 248 (3)
Famvir 231 11 174 20
27 (13) 30
(5)
Kytril 333 (7) 187 (14)
38 1 108
2
Other 116 (9) 6 (40)
- - 110
(7)
------------- ------------- ------------ ------------
TOTAL
PHARMACEUTICAL
SALES
23,452 10 11,712
(3) 6,487 6 5,253
8
============= ============= ============ ============
Pharmaceutical sales by therapeutic area
Q4 2000
Total USA
Europe RoW
$m
CER% $m CER%
$m CER% $m
CER%
------------ ------------ ------------ -----------
CNS 1,337 5 931 1
276 7 130
31
Depression 801 3
583 (1) 137
- 81 45
Seroxat/Paxil 617 - 405 (5)
137 - 75
45
Wellbutrin 184 12
178 11 -
- 6 48
Migraine 327 -
254 2 55
(10) 18 14
Imigran/Imitrex 296 -
236 2 45
(12) 15 11
Naramig/Amerge 31 4
18 4 10
(2) 3 42
Lamictal 120 20
61 26 45
14 14 16
Requip 25 3 12 6
14 1 (1)
-
Zyban 53 76 22 (12)
21 >100 10
66
RESPIRATORY
1,185 14 502
25 448 7
235 9
Flixotide/
Flovent 391 28
205 64 113
(6) 73 36
Serevent 270 10 157 30
100 (8) 13
(1)
Seretide 114 >100 - - 93
>100 21
>100
Flixonase/
Flonase 152 5
113 5 14
4 25 4
Ventolin 142 (10) 16 (20)
58 (8) 68
(8)
Becotide 73 (34)
(2) >(100) 57 (19)
18
(41)
ANTI-BACTERIALS 1,060 (7)
532 (3) 285
(12) 243 (9)
Augmentin 547 (2) 350 4
130 (12) 67
(6)
Zinnat/Ceftin 200 (4)
104 (9) 50
4 46 (2)
Fortum 82 (16) 15 (30)
32 (11) 35
(16)
Amoxil 76 (19) 16 3
25 (35) 35 (10)
ANTI-VIRALS 792 11
384 11 199
4 209 18
HIV 471 12 284 13
135 13 52
-
Trizivir 11 >100 9 >100 2
>100
- -
Combivir 233 18
141 16 70
23 22 16
Epivir 125 (3) 70 6
36 (7) 19
(20)
Retrovir 23 (22)
10 (16) 8
(26) 5 (27)
Ziagen 60 31 38 13
18 64 4
82
Agenerase 19 -
16 (11) 1
41 2
>100
Herpes 249 3 81 16
55 (8) 113
2
Valtrex 115 51
64 28 22
19 29
>100
Zovirax 134 (18)
17 (13) 33
(19) 84 (19)
Zeffix 34 >100 4 >100 2 >100
28
>100
Relenza 18 (23)
1 (93) 1 (76)
16
>100
METABOLIC & GASTRO-
INTESTINAL 501 23
238 86 95
(11) 168 2
Avandia 206 >100 187 >100 6
>100
13
>100
Zantac 224 (16) 42 (33)
70 (16) 112
(8)
Lotronex 6 >100 6 >100 -
- -
-
VACCINES 314 5
76 17 143
(8) 95 23
Hepatitis 165 (10)
61 7 73
(21) 31 (6)
Infanrix 67 20
14 88 37
12 16 8
ONCOLOGY
& EMESIS 295 11
211 16 48
(2) 36
6
Zofran 198 13 138 18
35 6 25
3
Hycamtin 42 (1)
30 1 9
(11) 3 24
CARDIOVASCULAR 180 (3)
109 (12) 45
18 26 3
Coreg 59 23 59 23
- - -
-
ARTHRITIS
(Relafen) 71 (31) 62
(30) 6 (40)
3 (31)
DERMATOLOGICALS 98 (5)
14 (17) 22
(2) 62 (3)
OTHER 336 8 72 26
90 (11) 174
16
------------ ------------ ------------ ------------
TOTAL SALES
CONTINUING
BUSINESS
6,169 6 3,131
9 1,657 (1) 1,381 8
Divested
products 150 (26)
63 (40) 14
(18) 73 (11)
Famvir 45 (23) 32 (25)
5 (27) 8
(10)
Kytril 70 (32) 30 (51)
9 (11) 31
(8)
Other 35 (15) 1 (40)
- - 34
(14)
------------ ------------ ------------ ------------
TOTAL
PHARMACEUTICAL
SALES 6,319 5 3,194 7
1,671 (1) 1,454 7
============ ============ ============ ============
SOURCE: GlaxoSmithKline plc
ALL
INFORMATION, DATA, AND MATERIAL CONTAINED, PRESENTED, OR PROVIDED HERE IS FOR
GENERAL INFORMATION PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS REFLECTING THE
KNOWLEDGE OR OPINIONS OF THE PUBLISHER, AND IS NOT TO BE CONSTRUED OR INTENDED
AS PROVIDING MEDICAL OR LEGAL ADVICE. THE DECISION WHETHER OR NOT TO
VACCINATE IS AN IMPORTANT AND COMPLEX ISSUE AND SHOULD BE MADE BY YOU, AND YOU
ALONE, IN CONSULTATION WITH YOUR HEALTH CARE PROVIDER.