Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,733.50
Bid: 1,732.50
Ask: 1,733.00
Change: 5.00 (0.29%)
Spread: 0.50 (0.029%)
Open: 1,733.00
High: 1,739.50
Low: 1,724.50
Prev. Close: 1,728.50
GSK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FEATURE-U.S. e-cigarette experiment inspires new medical device

Sun, 04th May 2014 12:00

By Toni Clarke

May 4 (Reuters) - When Noah Minskoff's mother died of lungcancer in 2007, e-cigarettes were just entering the U.S. market.Minskoff, who had just started medical school in Utah, wonderedwhether the devices might have saved his mother's life byhelping her quit smoking. Later, he sent some samples to hisboyhood friend Nathan Terry, a mechanical engineer, and askedfor his opinion.

Terry, who was working in Germany for the French industrialfirm Areva, took apart the products to see how they were made.What he found disturbed him: at the heart of the devices wereheater wires of unknown quality wrapped around bundles of glassfibers and surrounded by steel wool, silicon, plastic, tape andadhesives.

Wires between the heater, circuit board and batteries wereconnected with lead solder and also housed in tape and plastic.Everything was close to the heat source, meaning consumers wereat risk of inhaling fiber and metal particles as well as toxicfumes from hot plastic and lead.

"There were red flags everywhere," Terry said.

Still, he liked the concept and decided to design a versionof his own, avoiding the use of fiberglass, plastic and solderand sourcing his materials entirely in the United States. In2009 he reunited with Minskoff in California and formed acompany, Thermo-Essence Technologies, to sell the product.

At $300 a piece, the e-cigarette serves a niche market,albeit one with a loyal following among medical marijuanapatients and smokers looking for a high-end e-cigarette. As manyas 30,000 have been sold.

But what began as a quest to develop a better e-smoke hasbroadened into an ambitious effort to design a new medicaldevice: an inhaler that delivers measured doses of nicotine tohelp people quit smoking. The technology could also eventuallybe used as an abuse-resistant delivery device for other drugs,including opioid painkillers.

If successful, the inhaler could become the first newsmoking-cessation product to emerge from the e-cigarette fieldand would compete with products such as GlaxoSmithKline Plc's nicotine gum and Pfizer Inc's antismoking drug,Chantix.

A STARTUP WITH BIOTECH FUNDING

To develop the inhaler, Terry formed a second company,Minusa LLC, which is based in Newtown, Connecticut. Minskoffleft Thermo-Essence for family reasons and is not involved inMinusa. Terry himself is leaving Thermo-Essence, which iscurrently being sold, to concentrate on Minusa.

The new company obtained initial funding from MichaelBreede, a commercial real-estate-turned-biotech investor whosefather suffered from drug and alcohol addiction and who is eagerto see an abuse-resistant painkiller device.

"This is in my wheelhouse," he said. "I think we can put aserious dent in this problem."

When Terry developed his e-cigarette he assumed the U.S.Food and Drug Administration would begin regulating theindustry, as it has recently done, proposing a ban on sales topeople under the age of 18 and requiring companies to register.Later it could impose product standard and quality controls.

Terry wanted to create a product that would pass any FDAinspection. He used a pure metal wire wrapped around a rod madefrom magnesia-stabilized zirconia, a highly durable ceramicmaterial. Instead of meshes, tape and plastic he used novelporous ceramics and surgical-grade alloys, and instead ofsoldering parts together he connected them mechanically, fittingcomponents together like Legos to complete the circuits.

He built on that design to create his drug-delivery device,known as Envi, a single-user, tamper-resistant, metered-doseinhaler.

Envi is about the size of a short cigar and comes with aspare in a case the size of a deck of playing cards.

The nicotine or other drug will come in a sealed cartridgethat the patient will insert into the inhaler. To activate thedevice, the user will have to enter a code. The inhaler will beprogrammed to deliver a certain amount of drug and then turnoff.

When the device is returned to the case, which is requiredafter each dose to activate it for the next dose, data on thepatient's usage will be downloaded and available to be viewedelectronically by the prescribing physician.

"It will only let you take your prescription," Terry said."It will log your usage and transmit it in real time, and makeit easier for the doctor to monitor and interact with thepatient."

BUILDING A BETTER INHALER

Terry, 37, who grew up on an organic farm in Ohio to "hippycommune" parents and studied mechanical engineering at theUniversity of Idaho, faces multiple challenges.

Inhalers are typically more expensive to develop than pills,and ensuring patients get the right dose is more complicated.

"I can see a lot of barriers, but the idea is certainlyinteresting," said Dr. Ben Forbes, a Reader in Pharmaceutics,broadly the equivalent of a U.S. professor, at King's CollegeLondon who specializes in inhaled medications.

There needs to be a good reason to target a drug to thelungs, Forbes said. Drugs that are inhaled may work faster thanpills, so a device that offered quick pain relief in anabuse-resistant form would be "brilliant" if it could beproduced economically, he added.

"Changes in inhaler technology have been very incrementalover the years, so maybe something like this would have aplace."

In the meantime, big tobacco companies are developingalternative nicotine products they hope one day will carry a"modified risk" of harm. Some are dispensed through an inhaler.

Unlike Terry's smoking-cessation device, which he plans tofile with the FDA's drug division, these products would bemarketed as less risky alternatives to smoking and be processedthrough the FDA's tobacco division.

However smokers end up using the new products will be thesubject of intense research by the FDA.

Terry believes he is creating a product that will surviveany market configuration. Minusa has a long way to go, and humantrials may be two years off. Eventually he hopes to partner witha big drug company.

"I think we can change how drugs are delivered." (Reporting by Toni Clarke in Washington; Editing by MicheleGershberg and Prudence Crowther)

More News
16 Jan 2024 17:04

GSK to sell GBP1 billion worth of Haleon shares as trims stake again

(Alliance News) - GSK PLC on Tuesday said it intends to sell around GBP1.00 billion worth of shares in Haleon PLC, as it continues to reduce its shareholding in the Weybridge, Surrey-based consumer healthcare spin-off.

Read more
16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
16 Jan 2024 08:15

UBS downgrades AstraZeneca to 'sell'

(Sharecast News) - UBS has downgraded AstraZeneca and upgraded rival GSK as part of its latest review of the European pharmaceutical sector.

Read more
16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

Read more
15 Jan 2024 08:42

Zantac fallout unfairly weighing on GSK, says Shore Capital

(Sharecast News) - Shore Capital has raised its target price and maintained a positive stance on biopharma giant GSK, saying that worries about the potential cost of Zantac litigation are unfairly weighing on the stock.

Read more
10 Jan 2024 09:35

LONDON BROKER RATINGS: BofA cuts Ashtead; UBS likes 3i Group

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
10 Jan 2024 08:25

GSK says Nucala gets green light in China for asthma treatment

(Alliance News) - GSK PLC on Wednesday said Nucala has been approved in China for the treatment of severe asthma.

Read more
10 Jan 2024 07:22

GSK's Nucala gets fresh approval in China

(Sharecast News) - GSK announced on Wednesday that the China National Medical Products Administration (NMPA) has granted approval for 'Nucala', or mepolizumab, as an add-on maintenance treatment for severe eosinophilic asthma in adults and adolescents aged 12 years and older.

Read more
9 Jan 2024 16:22

London close: Stocks finish red after choppy session

(Sharecast News) - London stocks had turned back into the red by the close on Tuesday, with recruitment firms and asset managers pacing the declines after some disappointing corporate updates.

Read more
9 Jan 2024 08:03

TOP NEWS: GSK to buy Aiolos Bio for up to USD1.4 billion

(Alliance News) - GSK PLC on Tuesday said it will acquire asthma drug developer Aiolos Bio Inc for USD1 billion upfront, as well as up to USD400 million in certain success-based milestone payments.

Read more
9 Jan 2024 07:16

GSK buys respiratory drug maker Aiolos for $1bn

(Sharecast News) - GSK said it was buying Aiolos, a clinical-stage biopharmaceutical company focused on treatment of respiratory and inflammatory conditions, for up to $1.4bn (£1.1bn).

Read more
8 Jan 2024 23:39

Pfizer to remain aggressive on obesity market after setback

NEW YORK, Jan 8 (Reuters) - Pfizer will remain aggressive in trying to break into the lucrative obesity market, even after dropping a high profile weight-loss drug candidate late last year due to strong side effects, Chief Executive Albert Bourla said on Monday.

Read more
8 Jan 2024 23:00

Pfizer to remain aggressive on obesity market after setback

NEW YORK, Jan 8 (Reuters) - Pfizer will remain aggressive in trying to break into the lucrative obesity market, even after dropping a high profile weight-loss drug candidate late last year due to strong side effects, Chief Executive Albert Bourla said on Monday.

Read more
8 Jan 2024 19:02

Moderna says it hit its 2023 COVID vaccine sales goal

Jan 8 (Reuters) - Moderna on Monday said its 2023 COVID vaccine sales would be around $6.7 billion, coming in above the lower end of its full-year forecast, and reiterated its goal of returning to sales growth in 2025.

Read more
4 Jan 2024 14:01

UK dividends calendar - next 7 days

Friday 5 January 
British Land Co PLCdividend payment date
Hill & Smith PLCdividend payment date
JD Sports Fashion PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Liontrust Asset Management PLCdividend payment date
Lok'n Store Group PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
RS Group PLCdividend payment date
Tate & Lyle PLCdividend payment date
Monday 8 January 
abrdn Equity Income Trust PLCdividend payment date
Intermediate Capital Group PLCdividend payment date
Tuesday 9 January 
no events scheduled 
Wednesday 10 January 
Assura PLCdividend payment date
Bellway PLCdividend payment date
Fidelity Special Values PLCdividend payment date
LXi REIT PLCdividend payment date
Severn Trent PLCdividend payment date
Volex PLCdividend payment date
Vp PLCdividend payment date
Thursday 11 January 
AJ Bell PLCex-dividend payment date
Ashtead Group PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
CMC Markets PLCdividend payment date
dotdigital Group PLCex-dividend payment date
Ecora Resources PLCex-dividend payment date
European Assets Trust PLCex-dividend payment date
Foresight Group Holdings Ltdex-dividend payment date
GSK PLCdividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltdex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
Keystone Positive Change Investment Trust PLCex-dividend payment date
LondonMetric Property PLCdividend payment date
Murray International Trust PLCex-dividend payment date
National Grid PLCdividend payment date
Primary Health Properties PLCex-dividend payment date
Sage Group PLCex-dividend payment date
Smiths News PLCex-dividend payment date
SSE PLCex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
TR Property Investment Trust PLCdividend payment date
Walker Crips Group PLCex-dividend payment date
WH Smith PLCex-dividend payment date
Worldwide Healthcare Trust PLCdividend payment date
XPS Pensions Group PLCex-dividend payment date
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.