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Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,733.50
Bid: 1,732.50
Ask: 1,733.00
Change: 5.00 (0.29%)
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Open: 1,733.00
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GSK says Ebola vaccine development progressing at "unprecedented rate"

Sat, 18th Oct 2014 18:48

LONDON, Oct 18 (Reuters) - Britain's biggest drugmakerGlaxoSmithKline said on Saturday work to develop avaccine to combat Ebola, which has killed thousands in WestAfrica, was moving at a rapid pace.

"Development of the vaccine candidate is progressing at anunprecedented rate, with first phase 1 safety trials with thevaccine candidate underway in the USA, UK and Mali, and furthertrials due to start in the coming weeks," the firm said in astatement posted on its website.

The company said preliminary data from the trials wasexpected by the end of 2014 and that, if successful, the nextphase, involving the vaccination of frontline healthcare workersin Sierra Leone, Guinea and Liberia, would begin in early 2015.

The worst Ebola outbreak on record has killed more than4,500 people so far, most in the trio of West African countries.

In August, GSK said the experimental vaccine was beingfast-tracked into human studies and it planned to build astockpile of up to 10,000 doses for emergency deployment, ifresults were good.

The GSK vaccine consists of a common cold virus, called anadenovirus, engineered to carry two genes of the Ebola virus.

Animal testing has shown that when the adenovirus infectscells the Ebola genes produce harmless proteins that stimulatethe immune system to produce antibodies to Ebola.

GSK acquired the vaccine after buying Swiss-based biotechcompany Okairos for 250 million euros ($319 million) last year.

Responding to public fears after three diagnosed cases inthe United States, President Barack Obama urged Americans onSaturday not to give in to "hysteria" about the haemorrhagicfever, which is spread through the blood, sweat or vomit ofthose infected.

There is no cure or approved vaccine yet for Ebola butseveral pharmaceutical companies have been working onexperimental drugs. (Reporting by Costas Pitas; editing by Andrew Roche)

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UK's FTSE 100 slips ahead of Fed outcome, energy stocks weigh

FTSE 100 down 0.3%, FTSE 250 off 0.2%

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1 May 2024 16:56

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(Alliance News) - Stock prices in London closed mostly in the red on Wednesday, as investors eye the latest interest rate decision from the US Federal Reserve this evening.

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1 May 2024 16:42

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(Sharecast News) - London markets closed lower on Wednesday, as investors digested the latest UK manufacturing data and anticipated an impending policy announcement from the US Federal Reserve.

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(Alliance News) - London's FTSE 100 traded off session highs heading into Wednesday afternoon, as some pre-Federal Reserve decision nerves kicked in.

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GSK raises profit outlook on strong vaccine, HIV drug sales

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1 May 2024 08:57

LONDON MARKET OPEN: FTSE 100 shakes off New York slump before Fed

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TOP NEWS: GSK expects momentum to continue after strong first quarter

(Alliance News) - GSK PLC on Wednesday raised its annual earnings forecast, and said it expects sales growth at the top-end of guidance, after a "strong" start to the year.

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(Alliance News) - Equities in London are called to open flat on Wednesday, ahead of the latest Federal Reserve interest rate decision, while a host of financial markets in mainland Europe and beyond are closed for public holidays.

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(Sharecast News) - UK pharmaceutical giant GSK lifted annual profits guidance on Wednesday, as it pinned its hopes on demand for its respiratory virus and shingles treatments.

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First trial over Zantac cancer claims set to begin in Chicago

April 30 (Reuters) - The first trial over claims that blockbuster heartburn drug Zantac, once sold by GSK and other companies, causes cancer is set to begin this week in Chicago.

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Sensodyne maker Haleon to shut UK factory with loss of 435 jobs

(Alliance News) - More than 400 jobs are to be axed at Sensodyne toothpaste and Advil painkillers firm Haleon PLC as the group revealed plans to shut its only manufacturing site in the UK.

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