BRIEF-GSK CEO gloomy on near-term European price outlook

LONDON Wed Oct 31, 2012 8:57am EDT

LONDON Oct 31 (Reuters) - GlaxoSmithKline Plc : * CEO says no cause for optimisim on European prices in next quarter or two * CEO says getting "closer and closer" to delivering sustainable sales growth * CEO says likely to start 2013 with baseline commitment on buybacks and may

increase depending on investment opportunities * CEO says may update on ways to realign European business at Q4 * CEO says remains of view that company will be a net generator of jobs in UK * CEO says hopes to deliver bit more than mid-single digit percent vaccine

growth over next few years

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