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Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,601.00
Bid: 1,601.00
Ask: 1,601.50
Change: -165.50 (-9.37%)
Spread: 0.50 (0.031%)
Open: 1,616.50
High: 1,620.00
Low: 1,589.50
Prev. Close: 1,766.50
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GSK gets EU approval for first gene therapy for children

Fri, 27th May 2016 15:09

LONDON, May 27 (Reuters) - The world's first life-savinggene therapy for children, developed by GlaxoSmithKline and Italian scientists, was approved for sale in Europe onFriday, in a step forward for the pioneering technology to fixfaulty genes.

Called Strimvelis, it is designed for a tiny number ofchildren with ADA Severe Combined Immune Deficiency (ADA-SCID).SCID is sometimes known as "bubble baby" disease, since thoseborn with it have immune systems so weak they must live ingerm-free environments.

Strimvelis is the second gene therapy to be approved inEurope, after UniQure's Glybera, which treats a rareadult blood disorder.

Glybera made history in 2014 as the first drug to carry a $1million price tag. GSK has not so far revealed how much itsproduct will cost but a source close to the company said lastmonth it would be "very significantly less than $1 million".

The EU approval for GSK's treatment had been expected,following a positive opinion from the European Medicines Agencylast month.

The U.S. Food and Drug Administration has yet to approve anygene therapies but a growing number of U.S. biotech companieshave products in development. (Reporting by Ben Hirschler; editing by Adrian Croft)

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(Sharecast News) - America's Geological survey estimates that if even a small fraction of naturally occurring - and clean or so-called 'white' - hydrogen beneath the earth's surface were recovered, that would last for hundreds of years. Among the backers of the hydrogen industry is Bill Gates, who ploughed $90m into Koloma, a company hunting for natural hydrogen along the US's Midcontinental Rift System. White hydrogen has also been discovered in Europe, in France's Lorraine region. Nonetheless, the true potential of the stuff will hinge on the findings from those early projects, says Philip Ball, research fellow at Keele University. - Guardian

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