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

GSK hopes big clinical trial can breath new life into lung drug

Thu, 13th Aug 2015 15:47

* Results of SUMMIT trial with Breo due as early as Sept

* Drug could be first to extend lives in COPD

* Billions of dollars riding on positive outcome

* U.S. partner Theravance eligible for royalties on sales

By Ben Hirschler

LONDON, Aug 13 (Reuters) - GlaxoSmithKline isbanking on a major clinical trial to revive its flaggingrespiratory medicine business, with billions of dollars of salesriding on a positive result.

Data from the so-called SUMMIT study, designed to show GSK'sBreo can prolong lives of patients with chronic lung disease,are expected as early as next month, nine years after a similarstudy with GSK's older drug Advair failed by a whisker.

This time GSK reckons it has a better chance, since the newtrial, with 16,500 patients, has more statistical power than the6,100-patient Advair trial, known as TORCH. GSK has also chosenhigher-risk patients with heart issues for the new study.

At present, inhaled drugs such as Breo that combine asteroid and a long-acting beta agonist (LABA) are known to helppatients breath more easily but their effect on survival isunclear.

If it succeeds, Breo would be the first drug to show asurvival benefit in patients with chronic obstructive pulmonarydisease (COPD), potentially turning around its fortunes.

While Breo was approved for COPD in 2013 and won a U.S.green light for asthma in April, it has been slow to take offcommercially.

Sometimes known as "son of Advair", once-a-day Breo has adosing advantage over twice-daily Advair. But the market forinhaled lung drugs is fiercely competitive and Breo hasstruggled at a time when GSK has been forced to cut Advairprices.

HSBC analyst Stephen McGarry thinks Breo could eventuallyachieve peak annual sales of $5.0 billion if SUMMIT succeeds, or$1.8 billion if it fails.

Other analysts are more cautious and the current consensusis for sales of $1.55 billion in 2020, according to ThomsonReuters Cortellis.

GSK's partner Theravance is entitled to royaltiesof 15 percent on the first $3 billion of annual sales and 5percent beyond that.

Britain's GSK has been a world leader in respiratorymedicine since launching the Ventolin inhaler back in 1969, butweak sales in recent quarters are a mounting concern for itsinvestors.

Courtney Crimm, a pulmonologist who oversees the SUMMITtrial at GSK, believes a successful result would oblige doctorsto rethink prescribing strategies.

"If this study is positive, it could lead to a paradigmshift," he told Reuters, noting that 50 to 70 percent of COPDpatients also have cardiovascular risk factors.

Furthermore, because SUMMIT recruited patients with"moderate" COPD it might prompt wider use of the medicine inpatients with less severe breathing difficulties, he said.

Current medical guidelines recommend steroid and LABAcombinations only for people with more severe breathingproblems. Those who are less seriously affected are often givenan alternative drug such as Pfizer and BoehringerIngelheim's Spiriva. (Editing by Mark Potter)

More News
17 Dec 2023 15:16

PRESS: GSK looks for deals in China as rebuilds relationship

(Alliance News) - The Financial Times on Sunday reported that GSK PLC is looking for some new deals in China.

Read more
15 Dec 2023 17:08

European shares end fifth week higher on rate-cut optimism

Barclays sees first ECB rate cut in April

*

Read more
15 Dec 2023 16:51

LONDON MARKET CLOSE: FTSE 100 underperforms as post-Fed rally cools

(Alliance News) - London's FTSE 100 ended lower on Friday, with profit-taking and some hawkish words from a US policymaker keeping equities in check at the end of a largely positive week for stocks.

Read more
15 Dec 2023 16:29

PRESS: GSK, Astra and AbbVie in US scrutiny over patents - Bloomberg

(Alliance News) - A US senator has accused AstraZeneca PLC, GSK PLC, AbbVie Inc and other drugmakers of "abusing" the patent system to send prices higher, Bloomberg reported on Thursday.

Read more
12 Dec 2023 10:08

AstraZeneca buys respiratory vaccine developer Icosavax in $1.1 bln deal

Dec 12 (Reuters) - AstraZeneca said on Tuesday it had agreed to buy respiratory syncytial virus (RSV) vaccine developer Icosavax in a deal valued at up to $1.1 billion.

Read more
12 Dec 2023 08:22

TOP NEWS: Japan accepts GSK's filing for respiratory disease vaccine

(Alliance News) - GSK PLC on Tuesday said Japan's Ministry of Health, Labour & Welfare has accepted its regulatory application for the extension of its respiratory syncytial virus vaccine, Arexvy, for adults aged 50-59.

Read more
12 Dec 2023 07:39

LONDON BRIEFING: UK unemployment unchanged at 4.2%; eyes on US CPI

(Alliance News) - Stocks in London are called to open higher, as investors digest the latest UK unemployment data, before turning their heads to US inflation.

Read more
12 Dec 2023 07:24

GSK seeks to extend RSV vaccine approval in Japan

(Sharecast News) - GSK announced on Tuesday that Japan's Ministry of Health, Labour and Welfare (MHLW) has accepted its regulatory application for the extension of the indication of its RSV vaccine to include adults aged 50- to 59 at an increased risk of contracting the disease.

Read more
11 Dec 2023 08:28

GSK drug gets EU marketing backing for form of endometrial cancer

(Alliance News) - GSK PLC on Monday said it won EU backing for its Jemperli drug in tandem with chemotherapy to treat a form of endometrial cancer.

Read more
11 Dec 2023 07:41

LONDON BRIEFING: GSK drug gets EU endorsement; Begbies backs outlook

(Alliance News) - London's FTSE 100 is called to open a touch lower on Monday, kicking off the week with some slight trepidation after Friday's hotter-than-expected US jobs report which offered the dollar some respite.

Read more
11 Dec 2023 07:23

GSK endometrial cancer treatment gets Europe authorisation

(Sharecast News) - GSK announced on Monday that the European Commission has granted marketing authorisation for 'Jemperli', or dostarlimab, in combination with chemotherapy for certain endometrial cancers.

Read more
7 Dec 2023 12:54

THG backer Kelso pushes for demerger to trim "inherent" valuation gap

(Alliance News) - THG PLC investor Kelso Group Holdings PLC on Thursday reiterated its call for a demerger, which the shareholder believes will help close the "disparity" between the e-commerce firm's share price and its true value.

Read more
5 Dec 2023 10:02

LONDON BROKER RATINGS: Goldman lifts Landsec and British Land

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

Read more
27 Nov 2023 09:00

GSK announces positive results from Blenrep phase 3 blood cancer trial

(Alliance News) - GSK PLC on Monday said a phase 3 trial of belantamab mafodotin as a multiple myeloma treatment has produced positive headline results.

Read more
27 Nov 2023 08:02

GSK receives 'positive' headline results from phase III trial

(Sharecast News) - Drugmaker GSK announced on Monday that it had received positive headline results from a planned interim efficacy analysis from a phase III trial evaluating its elantamab mafodotin asset.

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.