Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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: 1,683.00
Bid: 1,682.50
Ask: 1,684.00
Change: 10.00 (0.60%)
Spread: 1.50 (0.089%)
Open: 1,685.50
High: 1,685.50
Low: 1,673.00
Prev. Close: 1,673.00
GSK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Roche wins approval for cancer drug Kadcyla in fast-growing China market

Wed, 22nd Jan 2020 15:03

* China approves import of Kadcyla drug for breast cancer

* Kadcyla surpassed $1 billion in annual sales last year

* China is Roche's second-largest market behind the United
States

By Roxanne Liu and John Miller

BEIJING/ZURICH Jan 22 (Reuters) - Roche said on
Wednesday China had approved the import of its Kadcyla drug for
breast cancer, another win for the Swiss drugmaker in its
second-biggest market where rising demand has helped drive its
increased sales and profit.

Kadcyla, which also recently won expanded approval in the
United States, Canada and Europe for more breast-cancer
patients, is an antibody-drug conjugate (ADC), a class of
therapies that combine monoclonal antibodies with cytotoxic
chemical that in 2019 picked up momentum with a record number of
U.S. approvals.

Over a decade, China has gone from Roche's 10th biggest
market to its second-largest behind the United States, with 4.5
billion Swiss francs ($4.5 billion) in 2018 sales as more of its
advanced medicines won Chinese regulators' favour. The pace has
accelerated, with growth in China topping 50% over the first
nine months of 2019, about double 2018's rate.

Roche reports 2019 results next week, and analysts are
watching to see whether the pace of Chinese sales growth can be
maintained.

Kadcyla, like other ADCs, a type of treatment that combines
cancer-tracking proteins with powerful cell toxins, are getting
a fresh start as multiple drugmakers including GlaxoSmithKline
test a record number of new compounds in people. That's
after some experimental ADCs failed due to the complexity of
pairing the right antibody with an appropriate toxic agent.

Kadcyla, approved in 2013 for breast cancer, surpassed $1
billion in annual sales last year, becoming the first ADC to hit
blockbuster status.

Also known as ado-trastuzumab emtansine, Kadcyla is approved
in China as an adjuvant treatment, or after surgery, in people
with HER2-positive early breast cancer who have residual
invasive disease after neoadjuvant taxane and treatment based on
Herceptin, another Roche drug, the company said in a statement.

Roche's breast cancer arsenal, including Kadcyla and
Herceptin, could be facing strong competition, with biosimilar
copies of Herceptin now on the market and December's U.S.
approval of Daiichi Sankyo's and AstraZeneca's
Enhertu, another ADC drug, well ahead of schedule.

Kadcyla was granted priority review status in June last year
by China's National Medical Product Administration, official
records show.

Other ADC products, including Roche's Polivy, GSK's
Belantamab mafodotin and Abbvie's Telisotuzumab
vedotin, filed applications for clinical trials in China last
year. GSK's drug just won priority U.S. Food and Drug
Administration review for multiple myeloma this week, while
Polivy won U.S. approval last year for lymphoma.
(Reporting by John Miller in Zurich and Roxanne Liu in Beijing;
editing by David Evans)

More News
13 Feb 2024 09:45

Citi ups recommendation on GSK to 'buy'

(Sharecast News) - Citi has upgraded its rating on vaccines and drugs blue chip GSK to 'buy' while also boosting its earnings estimates.

Read more
13 Feb 2024 09:32

LONDON BROKER RATINGS: Citi lifts GSK; Shore likes XPS Pensions

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

Read more
13 Feb 2024 07:45

LONDON BRIEFING: "Record" Tui quarter; Ultimate Products eyes payouts

(Alliance News) - London's FTSE 100 is to open ever-so-slightly lower on Tuesday, with trade set to be nervy ahead of the afternoon's US inflation data.

Read more
12 Feb 2024 17:11

London close: Stocks finish higher after very quiet Monday

(Sharecast News) - London markets managed modest gains by the close of a subdued trading session on Monday, with no significant corporate or economic catalysts driving movements.

Read more
12 Feb 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 underperforms as European peers rise

(Alliance News) - London's FTSE 100 underwhelmed on Monday, with some of its largest constituents pulling it lower, while indices in Europe were on the up on favourable comments on interest rate cuts by a European Central Bank official.

Read more
12 Feb 2024 08:35

TOP NEWS: GSK's bepirovirsen receives US FDA fast track designation

(Alliance News) - GSK PLC on Monday said that the US health watchdog granted fast track designation for its bepirovirsen treatment for chronic hepatitis B.

Read more
12 Feb 2024 07:50

LONDON BRIEFING: Tritax Big Box, UK Commercial Property agree merger

(Alliance News) - Equities in London are called to open higher on Monday, with inflation readings from the US and UK on the horizon, which could drive equity market sentiment during the remainder of the week.

Read more
12 Feb 2024 07:21

GSK gets FDA fast track for chronic hepatitis B treatment

(Sharecast News) - GSK announced on Monday that bepirovirsen, an investigational antisense oligonucleotide (ASO) aimed at treating chronic hepatitis B (CHB), had been granted fast track designation by the US Food and Drug Administration (FDA).

Read more
9 Feb 2024 09:15

LONDON BROKER RATINGS: Deutsche Bank cuts AstraZeneca to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
6 Feb 2024 08:51

TOP NEWS: GSK reports positive news on trio of high profile products

(Alliance News) - GSK PLC on Tuesday delivered a triple dose of positive updates on some of its leading products, Arexvy, Shingrix and Blencep.

Read more
6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

Read more
6 Feb 2024 07:23

GSK reports positive myeloma trial results, progresses vaccine applications

(Sharecast News) - GSK reported progress in its trial of a myeloma treatment on Tuesday, as well as regulatory progress around its shingles vaccine in China and its RSV vaccine in the United States.

Read more
1 Feb 2024 09:27

TOP NEWS: GSK maintains "vigorous" defence after settling Zantac case

(Alliance News) - GSK PLC on Thursday insisted upon its scientific integrity, after reaching another settlement in ongoing litigation over alleged links between its heartburn drug and cancer.

Read more
1 Feb 2024 09:11

GSK settles Zantac case in California without admitting liability

(Sharecast News) - GSK announced on Thursday that it had reached a confidential settlement to effectively resolve the legal case over Zantac filed in a California state court.

Read more
1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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.