Firering Strategic Minerals: From explorer to producer. 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: 1,616.50
Bid: 1,582.00
Ask: 1,695.00
Change: 0.00 (0.00%)
Spread: 113.00 (7.143%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1,616.50
GSK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Uncertainty surrounds potential for Novo's Tresiba

Wed, 19th Dec 2012 18:17

(Adds details, analyst quote) By Shida Chayesteh COPENHAGEN, Dec 19 (Reuters) - As Danish group Novo Nordisk awaits final approvals for its new long-actingdiabetes drug Tresiba, a Reuters poll found a wide range offorecasts for sales of a drug meant to challenge its biggestrivals. Tresiba's annual peak sales were seen in an 8-100 billionDanish crown ($1.4-$17.7 billion) range in the poll of 18analysts. Forecasts by analysts from international banks saw thebiggest span, while those by Danish peers were more uniform. The highest estimate of 100 billion crowns in annual peaksales was given by Swedbank analyst Johan Unnerus. "It is probably towards the high end but that is my guess,"Unnerus said. The most optimistic analysts see Tresiba sales peakingalready in 2017, while those with the lowest estimates do notforecast this to happen before 2025. Novo Nordisk, the world's biggest insulin producer, hasestimated that Tresiba, which is the brand name for the activeingredient degludec, could become a blockbuster drug. A drug reaches blockbuster status when it generates morethan $1 billion in annual sales. Tresiba is central to Novo's aim of ending rival Sanofi's dominance of the long-acting insulin market. Itexpects to launch the new product in several European marketsearly next year, subject to final approval. Most analysts expect the U.S. Food and DrugAdministration(FDA) will approve the drug, as it has alreadybeen approved by regulators in Japan. Last month, an advisory panel to the FDA voted to recommendapproval of Tresiba, despite signals of possible cardiovascularrisk. The FDA rarely goes against its advisory panel'srecommendations when making its final decision. One of the reasons for the big span in the estimates is thatTresiba's sales are likely to continue to rise until anotherproduct takes over, said DNB analyst Rune Majlund Dahl. "Normally in the industry, we're talking about 10 yearsgenerally, which is when you hit a 'patent wall', but that isnot the case with diabetes products because we historically haveseen that sales just continue," Dahl said. "You would probably still have seen rising sales of Levemirif it were not for Tresiba," he added, referring to Novo's otherinsulin drug. "It gets a little difficult to estimate more than five yearsinto the future," said Jacob Thrane, analyst at S&P Capital IQ. "Especially when you can see there are a few things in thepipeline at the moment both at Lilly and GlaxoSmithKline, and we must not neglect that Sanofi is goodto keep up its Lantus (sales)," he added.($1 = 5.6458 Danish crowns) (Writing by Victoria Klesty; editing by Stephen Nisbet andLouise Heavens)
More News
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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.

Read more
9 Jan 2024 08:03

TOP NEWS: GSK to buy Aiolos Bio for up to USD1.4 billion

(Alliance News) - GSK PLC on Tuesday said it will acquire asthma drug developer Aiolos Bio Inc for USD1 billion upfront, as well as up to USD400 million in certain success-based milestone payments.

Read more
9 Jan 2024 07:16

GSK buys respiratory drug maker Aiolos for $1bn

(Sharecast News) - GSK said it was buying Aiolos, a clinical-stage biopharmaceutical company focused on treatment of respiratory and inflammatory conditions, for up to $1.4bn (£1.1bn).

Read more
8 Jan 2024 23:39

Pfizer to remain aggressive on obesity market after setback

NEW YORK, Jan 8 (Reuters) - Pfizer will remain aggressive in trying to break into the lucrative obesity market, even after dropping a high profile weight-loss drug candidate late last year due to strong side effects, Chief Executive Albert Bourla said on Monday.

Read more
8 Jan 2024 23:00

Pfizer to remain aggressive on obesity market after setback

NEW YORK, Jan 8 (Reuters) - Pfizer will remain aggressive in trying to break into the lucrative obesity market, even after dropping a high profile weight-loss drug candidate late last year due to strong side effects, Chief Executive Albert Bourla said on Monday.

Read more
8 Jan 2024 19:02

Moderna says it hit its 2023 COVID vaccine sales goal

Jan 8 (Reuters) - Moderna on Monday said its 2023 COVID vaccine sales would be around $6.7 billion, coming in above the lower end of its full-year forecast, and reiterated its goal of returning to sales growth in 2025.

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.