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Pin to quick picksGlaxosmithkline Share News (GSK)

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UPDATE 1-EU scheme commits $350 mln for research on Ebola vaccines, tests

Thu, 06th Nov 2014 13:02

* Work focuses on vaccines trials and manufacturing

* Also new research into rapid diagnostic tests

* EU ship sailing with ambulances, labs, other equipment (Adds details on shipment, more on diagnostic tests)

By Ben Hirschler

LONDON, Nov 6 (Reuters) - The Europe Union and drugmakerspledged on Thursday to invest 280 million euros ($350 million)in Ebola research, with the lion's share going to the testingand manufacture of potential vaccines.

The funding will go to projects backed by the InnovativeMedicines Initiative (IMI), a public-private scheme jointly paidfor by the European Commission and the pharmaceuticals industry.

Reuters reported on Oct. 22 that an IMI investment of around200 million euros was pending. Since then, further discussionshave been held about the resources needed for various projectsand the amount has been increased.

The final document setting out the plans commits theEuropean Commission to giving as much as 140 million euros, withcompanies providing an equivalent amount in staff time, goodsand services.

"The EU is determined to help find a solution to Ebola. Weare putting our money where our mouth is and boosting EUresearch on Ebola with an additional 280 million euros," saidCarlos Moedas, European Commissioner for research.

The move shows how momentum is building to get medicalintervention, especially vaccines, to West Africa as soon aspossible, to try to control the world's worst Ebola outbreak,which has killed nearly 5,000 people, according to officialdata. Many experts believe the true death toll is a lot higher.

The EU is also beginning its biggest single operation oftransporting supplies to West Africa, with a Dutch ship sailingon Thursday from the Netherlands, loaded with ambulances, mobilehospitals, laboratories and other equipment provided by nineEuropean countries.

FIVE PRIORITY PROJECTS

With a total budget of 3.3 billion euros for the period 2014to 2024, Europe's IMI scheme is the world's biggestpublic-private partnership in life sciences.

It began in 2008 and now has 46 ongoing projects, some ofwhich are focused on specific health issues such as Alzheimer'sdisease, cancer and obesity. Others involve work on broaderchallenges in drug development.

In the case of Ebola, five urgent projects have beenidentified involving the three stages of vaccine clinicaltrials; vaccine manufacturing; vaccine transport and storage;regimens for vaccination deployment; and rapid diagnostic tests.

The aim is to head off some of the technical obstacles that public health officials, governments and drugmakers face as theytry to develop the world's first Ebola vaccines in record time.

The challenges include finding enough vaccine manufacturingand filling capacity, getting accelerated clinical trialresults, winning rapid regulatory approvals and building asupply chain in Africa for products that must be stored atultra-low temperatures.

For diagnostics, the goal is to develop a simple test forEbola infection that can generate results within three hours andpreferably in less than 30 minutes.

Two leading vaccine candidates from GlaxoSmithKline and NewLink Genetics are already in human safetytrials. Another five should begin testing in the first quarterof next year. One from Johnson & Johnson will starttrials in January.

The three leading companies hope to make millions of dosesover the course of 2015. (Editing by Kate Kelland, Larry King)

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24 Jan 2024 14:34

UK earnings, trading statements calendar - next 7 days

Thursday 25 January 
Britvic PLCTrading Statement
Conduit Holdings LtdTrading Statement
CVS Group PLCTrading Statement
Dr Martens PLCTrading Statement
Fevertree Drinks PLCTrading Statement
Foxtons Group PLCFull Year Results
Fuller, Smith & Turner PLCTrading Statement
Halfords Group PLCTrading Statement
Idox PLCFull Year Results
IG Group Holdings PLCHalf Year Results
Intermediate Capital Group PLCTrading Statement
Mitie Group PLCTrading Statement
NCC Group PLCHalf Year Results
Newmark Security PLCHalf Year Results
Next 15 Group PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Secure Trust Bank PLCTrading Statement
St James's Place PLCTrading Statement
Time Finance PLCHalf Year Results
Titon Holdings PLCFull Year Results
Wizz Air Holdings PLCQ3 Results
Workspace Group PLCTrading Statement
Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Jan 2024 21:22

Fate of most remaining Zantac lawsuits weighed by Delaware judge

Jan 22 (Reuters) - GSK, Pfizer and other pharmaceutical companies are urging a judge in Delaware this week to find that evidence plaintiffs' lawyers want to use in about 72,000 lawsuits claiming that the discontinued heartburn drug Zantac caused cancer is not supported by science.

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22 Jan 2024 17:08

Fate of most remaining Zantac lawsuits weighed by Delaware judge

Jan 22 (Reuters) - GSK, Pfizer and other pharmaceutical companies will urge a judge in Delaware this week to find that evidence plaintiffs' lawyers want to use in about 72,000 lawsuits claiming that the discontinued heartburn drug Zantac caused cancer is not supported by science.

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22 Jan 2024 09:34

IN BRIEF: Oxford Nanopore appoints Keher to CFO as Cowper becomes COO

Oxford Nanopore Technologies - Oxford, England-based company specialising in nanopore DNA-sequencing - Appoints Nick Keher as chief financial officer and director, effective immediately. Keher will replace Tim Cowper as he moves into a new role as Oxford Nanopore's chief operating officer. The company says that Cowper has been performing the majority of COO duties for the past five years, and that he will lead the company's efforts to expand its international footprint. The company also says that new CFO Keher possesses "significant experience of financial leadership of complex, scientific businesses", having served in similar roles at Clinigen Group PLC, BenevolentAI SA, Royal Bank of Canada, Investec PLC and GSK PLC.

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17 Jan 2024 09:38

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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17 Jan 2024 08:05

GSK raises £978m through Haleon share sale

(Sharecast News) - GSK said on Wednesday that it has raised around £978m from the sale of shares in Haleon.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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17 Jan 2024 07:31

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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16 Jan 2024 17:04

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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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

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16 Jan 2024 08:15

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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16 Jan 2024 07:37

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

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

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15 Jan 2024 08:42

Zantac fallout unfairly weighing on GSK, says Shore Capital

(Sharecast News) - Shore Capital has raised its target price and maintained a positive stance on biopharma giant GSK, saying that worries about the potential cost of Zantac litigation are unfairly weighing on the stock.

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10 Jan 2024 09:35

LONDON BROKER RATINGS: BofA cuts Ashtead; UBS likes 3i Group

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

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10 Jan 2024 08:25

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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