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Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,773.50
Bid: 1,772.00
Ask: 1,772.50
Change: 12.50 (0.71%)
Spread: 0.50 (0.028%)
Open: 1,770.00
High: 1,776.00
Low: 1,766.00
Prev. Close: 1,761.00
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GSK reports positive results from gonorrhoea treatment trial

Mon, 26th Feb 2024 07:22

(Sharecast News) - GSK announced encouraging headline outcomes from its trial of gepotidacin, an oral antibiotic aiming to address uncomplicated urogenital gonorrhoea in adolescents and adults, on Monday.

The FTSE 100 pharmaceuticals giant said the 'EAGLE-1' phase three trial met its primary efficacy endpoint by demonstrating non-inferiority of gepotidacin when compared to the combination therapy of intramuscular ceftriaxone plus oral azithromycin, which is the current main treatment regimen.

It said the evaluation was based on microbiological response recorded at the test-of-cure visit conducted three to seven days after treatment.

GSK said the safety and tolerability profile of gepotidacin remained consistent with findings from prior phase one and two trials.

Detailed outcomes from the trial are set to be unveiled at an upcoming scientific gathering and will be shared with global health regulatory bodies.

Additionally, GSK said it was exploring the potential of gepotidacin in treating uncomplicated urinary tract infections (uUTI).

It said positive results from phase three trials EAGLE-2 and EAGLE-3 were presented at the European Congress of Clinical Microbiology and Infectious Diseases (ECCMID) in April last year, and subsequently published in the Lancet.

Those results suggested that gepotidacin could become the first oral antibiotic in over two decades for treating uUTIs, if approved.

"With rising incidence rates and concern around growing resistance to existing treatments, gonorrhoea poses a threat to public health globally," said GSK's senior vice-president of development, Chris Corsico.

"These positive headline results demonstrate the potential for gepotidacin to provide a novel oral treatment option in the face of rising resistance and for patients who cannot take other treatments due to allergies or intolerance."

At 0814 GMT, shares in GSK were up 0.52% at 1,681.04p.

Reporting by Josh White for Sharecast.com.

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IN BRIEF: Diageo welcomes GSK's CFO as non-executive director

Diageo PLC - London-based brewer and distiller sells more than 200 drinks brands, including Guinness stout, Captain Morgan rum and Johnnie Walker whisky - Appoints GSK PLC's chief financial officer and executive director, Julie Brown, as a non-executive director. Says she will succeed Alan Stewart as chair of the audit committee after his retirement following the firm's annual general meeting in September. Chair Javier Ferran says: "Julie brings many years of experience in financial, commercial and strategic roles in international companies operating in highly regulated industries. She is strongly committed to enabling diversity in business and to creating sustainable, long-term value for stakeholders. I look forward to her contribution to Board discussions and to working with her in progressing Diageo's ambition to be one of the most trusted and respected consumer products companies in the world."

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15 Feb 2024 14:44

UK dividends calendar - next 7 days

Friday 16 February 
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15 Feb 2024 11:02

Berenberg hikes target price on GSK

(Sharecast News) - Analysts at Berenberg hiked their target price on drugmaker GSK from £16.50 to £18.20 on Thursday, stating the group was moving closer to offsetting losses associated with the expiry of its patent on HIV drug dolutegravir.

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GSK completes USD1.4 billion purchase of respiratory firm Aiolos Bio

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