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Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,785.50
Bid: 1,785.00
Ask: 1,786.00
Change: -27.00 (-1.49%)
Spread: 1.00 (0.056%)
Open: 1,792.50
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Prev. Close: 1,812.50
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UPDATE 1-GSK files potential $1 bln shingles vaccine for U.S. approval

Mon, 24th Oct 2016 07:13

* GSK's Shingrix has outperformed Merck's Zostavax in trials

* Consensus forecasts point to $1.05 billion sales in 2021 (Adds sales forecast, background on rival vaccines)

By Ben Hirschler

LONDON, Oct 24 (Reuters) - GlaxoSmithKline has filedits shingles vaccine Shingrix for U.S. regulatory approval, thedrugmaker said on Monday, bringing the potential $1billion-a-year seller a step closer to market.

Shingrix is viewed by analysts as among the Britishcompany's most promising experimental products, since it hasshown greater protection among older recipients than Merck &Co's rival shot Zostavax.

GSK itself highlighted Shingrix as one of its top near-termpipeline hopes last November, during its first research anddevelopment day in more than a decade.

The company, which will see Emma Walmsley take over as chiefexecutive in 2017, is seeking to revitalise a drug portfolio hitby falling sales of best-selling inhaled lung treatment Advair.

In clinical trials, GSK's vaccine remained 90 percenteffective in people over age 70, even four years afterinjections. Zostavax efficacy, by contrast, varies between 18and 70 percent, and it declines noticeably in older people.

People who are 70 years or older are often most at risk fromshingles, a painful, itchy rash that results from thereactivation of latent chickenpox virus.

The impressive trial results should put Shingrix in a strongcompetitive position, analysts believe, even though it requirestwo doses, against just one for Zostavax, and it is also linkedto more injection site reactions.

Analysts, on average, predict that worldwide sales ofShingrix will reach 856 million pounds ($1.05 billion) in 2021,according to consensus forecasts compiled by Thomson Reuters.

Sales of Zostavax, the only shingles vaccine on the marketat present, totalled $749 million in 2015.

GSK's vaccine contains a component from U.S. biotech firmAgenus, which is entitled to royalties on future sales.

GSK said it planned to file Shingrix for European andCanadian approval before the end of this year, with Japanfollowing in 2017.

($1 = 0.8191 pounds) (Editing by Susan Fenton and Jason Neely)

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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

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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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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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