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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%)
Spread: 0.50 (0.029%)
Open: 1,733.00
High: 1,739.50
Low: 1,724.50
Prev. Close: 1,728.50
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Trump signs order aimed at development of better flu vaccines

Thu, 19th Sep 2019 22:25

By Deena Beasley

Sept 19 (Reuters) - U.S. President Donald Trump on Thursday
signed an executive order aimed at spurring the development of
better vaccines to protect against seasonal influenza as well as
a potential pandemic flu outbreak.

The order does not allocate additional funding for now, but
calls for an evaluation of current flu vaccine manufacturing
abilities and a task force report including cost estimates,
administration officials said on a call with reporters.

Each year the seasonal flu, which can kill tens of thousands
of Americans, costs the United States about $50 billion,
including lost productivity, one administration official said. A
serious flu pandemic would push those costs to between $1.8
billion and $3.8 billion, he said.

Manufacturers such as GlaxoSmithKline Plc and Sanofi
SA make millions of doses of flu vaccine for the U.S.
market alone, growing the virus in chicken eggs. Usually the
doses, which protect against strains that experts predicted the
previous February, are ready in time and in sufficient quantity
for the winter flu season.

But if the strain that appears during flu season was not the
one experts forecast, the vaccines might not work. The
appearance of H1N1 swine flu in 2009-2010 took experts by
surprise, and the flu was already on its second wave before a
vaccine was ready; an estimated 61 million people in the U.S.
got swine flu and thousands died.

The Department of Health and Human Services will coordinate
government efforts to modernize influenza vaccine production.
The focus will be on recombinant technologies to quickly produce
reliable vaccines as well as "universal" vaccines that would
elicit immunity against parts of the virus that do not change
from year to year.
(Reporting By Deena Beasley
Editing by Sonya Hepinstall)

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