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Pin to quick picksGlaxosmithkline Share News (GSK)

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Share Price: 1,756.00
Bid: 1,753.00
Ask: 1,754.00
Change: -19.00 (-1.07%)
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GSK's RSV vaccine first to get EU regulator's nod

Wed, 26th Apr 2023 20:21

EMA recommends authorization of first RSV vaccine

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Recommendation puts GSK ahead of Pfizer in RSV vaccine race

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Expects U.S. Regulatory nod in May

April 26 (Reuters) - The European Medicines Agency (EMA) on Wednesday recommended authorization of GSK's Arexvy vaccine for respiratory syncytial virus (RSV) in adults aged 60 and older, putting Europe on track to approve the world's first such vaccine.

The recommendation puts GSK ahead of rival Pfizer Inc in the race to tap into the RSV vaccine market, which is estimated to exceed $5 billion and could surpass $10 billion by 2030, according to analysts.

British and U.S. drugmakers are expecting a U.S. Food And Drug Administration (FDA) decision by May to allow the use of their RSV vaccines in the United States, where 14,000 people die annually from the lower respiratory tract disease caused by the common virus.

In Europe, RSV causes an estimated 250,000 hospitalisations and 17,000 in-hospital deaths every year in people aged 65 and older, EMA said.

RSV produces flu-like symptoms but it can be fatal for young children and older adults. The disease surged in the U.S. and Europe this fall, alongside the flu and COVID-19.

Both Pfizer and GSK had gained the backing of a panel of FDA advisers in late February and early March, bringing them a step closer to final U.S. approval.

U.S. biotech Moderna, another RSV vaccine developer, has said it plans to submit its mRNA-1345 for approval globally in the first half of 2023.

The EU regulator's recommendation is based on late-stage study data showing GSK's vaccine was 82.6% effective in preventing lower respiratory tract disease study in older adults. The trial, of about 25,000 adults aged 60 and over, showed the vaccine was 94.1% effective against severe lower respiratory tract disease associated with an RSV infection.

GSK is relying in part on its potential blockbuster RSV vaccine to drive long-term growth, with the pending loss of patent protection of its HIV compounds and setbacks in its marketed oncology portfolio.

The EMA said Arexvy was reviewed under its accelerated assessment route for its committee to recommend authorisation of drugs. EMA recommendations are usually followed by the European Commission in final decisions on drug approvals. (Reporting by Prerna Bedi in Bengaluru; Editing by Shailesh Kuber and Richard Chang)

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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.

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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.

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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.

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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).

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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.

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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.

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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.

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4 Jan 2024 14:01

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3 Jan 2024 17:48

London close: Stocks fall amid rising geopolitical concerns

(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.

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3 Jan 2024 17:10

Miners, personal goods stocks drag FTSE 100 to two-week low

Burberry slips on rating downgrade

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3 Jan 2024 16:52

LONDON MARKET CLOSE: Stocks down ahead of US Fed minutes

(Alliance News) - Stock prices in London closed lower on Wednesday, as investors nervously look ahead to the latest US Federal Reserve meeting minutes.

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3 Jan 2024 12:10

LONDON MARKET MIDDAY: Stocks down before Fed minutes and US PMI data

(Alliance News) - Stock prices in London were down at midday on Wednesday, in cautious trade ahead of key US data and central bank minutes in the afternoon.

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3 Jan 2024 11:07

Jefferies upgrades GSK to 'buy', cuts AstraZeneca to 'hold'

(Sharecast News) - Jefferies has upgraded its rating on GlaxoSmithKline to 'buy' and cut AstraZeneca to 'hold' as part of its review of the European pharma sector.

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3 Jan 2024 09:23

LONDON BROKER RATINGS: GSK raised to 'buy'; AstraZeneca cut to 'hold'

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

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3 Jan 2024 08:58

LONDON MARKET OPEN: Stocks mixed pre-Fed minutes, amid Asia losses

(Alliance News) - Stock prices in London opened mixed on Wednesday, ahead of US Federal Reserve meeting minutes and manufacturing PMI data for the US in the evening and afternoon respectively.

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