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Pin to quick picksGlaxosmithkline Share News (GSK)

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Share Price: 1,597.50
Bid: 1,597.00
Ask: 1,597.50
Change: -11.00 (-0.68%)
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Open: 1,604.50
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TOP NEWS: GSK hails vaccine success for severe virus in older people

Thu, 13th Oct 2022 09:24

(Alliance News) - GSK PLC on Thursday announced a vast decline in severe respiratory syncytial virus, or RSV, disease among people aged 60 years and older who were vaccinated with its RSV vaccine candidate.

GSK is a Brentford, London-based biopharmaceutical firm.

RSV is a common contagious virus affecting the lungs and breathing passages, with no vaccines currently available for treatment. GSK in June said it is close to developing the world's first RSV vaccine.

In a phase 3 trial, the vaccine candidate showed a 94% reduction in the severe RSV-lower respiratory tract disease, LRTD, when compared to a group who received a placebo. Overall, it demonstrated a 83% efficacy against the disease, which was high and consistent among RSV A and B strains.

Chief Scientific Officer Tony Wood said: "We believe that with the high vaccine efficacy demonstrated in this pivotal trial, our vaccine candidate has the potential to help reduce the significant global burden of RSV-associated disease in older adults, including those at the greatest risk of severe outcomes due to their age or underlying comorbidities."

On Wednesday, GSK had said it will report a plethora of new data at the Infectious Disease Society of America's IDWeek 2022 annual meeting in Washington, DC between October 19 and 23. It will release 10-year efficacy and safety data on its shingles vaccine Shingrix, as well as results of its long-acting HIV treatment Vocabria/Rekambys in a clinical setting.

"Submissions also include presentations from ViiV Healthcare, the global specialist HIV company majority-owned by GSK, with Pfizer Inc and Shionogi & Co Ltd as shareholders, which will consist of abstracts from the company’s diverse portfolio of innovative licensed treatment and prevention options," GSK said Wednesday.

GSK shares were down 0.8% to 1,348.00 pence each in London on Thursday morning.

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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UPDATE: GSK raises GBP978 million as cuts stake in Haleon to 4.2%

(Alliance News) - GSK PLC early Wednesday confirmed it agreed to sell 300 million shares in Haleon PLC, reducing its remaining stake in the consumer healthcare products spin-off to just 4.2%.

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GSK raises £978m through Haleon share sale

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GSK raises $1.24 bln from latest Haleon stake sale

Jan 17 (Reuters) - GSK has raised 978 million pounds ($1.24 billion) from a discounted sale of a stake in its spun-off consumer healthcare business Haleon, the British drugmaker said on Wednesday.

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GSK to sell GBP1 billion worth of Haleon shares as trims stake again

(Alliance News) - GSK PLC on Tuesday said it intends to sell around GBP1.00 billion worth of shares in Haleon PLC, as it continues to reduce its shareholding in the Weybridge, Surrey-based consumer healthcare spin-off.

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

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UBS downgrades AstraZeneca to 'sell'

(Sharecast News) - UBS has downgraded AstraZeneca and upgraded rival GSK as part of its latest review of the European pharmaceutical sector.

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LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

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GSK says Nucala gets green light in China for asthma treatment

(Alliance News) - GSK PLC on Wednesday said Nucala has been approved in China for the treatment of severe asthma.

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GSK's Nucala gets fresh approval in China

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London close: Stocks finish red after choppy session

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