The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 1,733.50
Bid: 1,732.50
Ask: 1,733.00
Change: 0.00 (0.00%)
Spread: 0.50 (0.029%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1,733.50
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-US FDA lifts restrictions on Glaxo diabetes drug Avandia

Mon, 25th Nov 2013 20:55

By Bill Berkrot and Ransdell Pierson

Nov 25 (Reuters) - U.S. health regulators said on Mondaythey would lift restrictions on the use of GlaxoSmithKline Plc's once widely prescribed diabetes drug Avandia, afterdetermining that it did not increase the risk of heart attacks.

The U.S. Food and Drug Administration, following its reviewof a large clinical trial aimed at determining the drug's heartsafety called Record, said it found that the trial showed noelevated risk of heart attack or death in patients being treatedwith Avandia when compared with standard-of-care diabetes drugs.

These data do not confirm the signal of increased risk ofheart attacks that was found in an analysis of previous clinicaltrials first reported in 2007, the FDA said in a statement.

Avandia, which had been one of Glaxo's top-selling medicineswith sales of $3.2 billion in 2006, was pulled from the marketin Europe and had severe restrictions placed on its use in theUnited States in 2010 due in part to ambiguity about a possibleincreased risk of heart attack and stroke seen in the Recordstudy, as well as a review of other studies.

The drug was placed in a highly unfavorable light in 2007after Dr. Steven Nissen, head of cardiology at the ClevelandClinic, reported results of a so-called meta-analysis in which data from 42 studies was pooled and analyzed, showing a 43percent increased risk of heart attack from Avandia.

GlaxoSmithKline could not immediately be reached to commenton the FDA decision. But the British drugmaker had previouslysaid it was not likely to put its marketing muscle behindAvandia again, even if the FDA were to lift usage restrictions.Its U.S. patent protection lapsed in 2011.

"Without patent protection, you probably won't see anymarketing spending, or anyone out there promoting Avandia," saidMorningstar analyst Damien Conover.

In June, Glaxo said Avandia was being taken by only about3,000 Americans, down from 120,000 before the restrictions wereput in place.

"Our actions today reflect the most current scientificknowledge about the risks and benefits of this drug," JanetWoodcock, director of the FDA's Center for Drug Evaluation andResearch, said in a statement.

"Given these new results, our level of concern isconsiderably reduced; thus, we are requiring the removal ofcertain prescribing restrictions," Woodcock said.

The FDA decision comes after an independent analysis of theRecord study earlier this year appeared to back the safety ofAvandia. The FDA had commissioned the Duke Clinical ResearchInstitute three years ago to analyze, or "readjudicate," datafrom the heart safety trial and report its findings to theagency.

The FDA said it will order changes to the Avandia label toreflect its updated position on cardiovascular safety, will nolonger require physicians to register Avandia patients into aRisk Evaluation and Mitigation Strategy (REMS) program, and thatdiabetes patients will again be able to receive Avandia throughregular retail pharmacies and mail order pharmacies.

The agency also dropped a requirement that Glaxo conduct astudy comparing Avandia to Actos, a diabetes drug from the sameclass of medicine as Avandia sold by Japanese drugmaker TakedaPharmaceutical Co.

"It's probably good for the medical community to have theoption" to prescribe Avandia, Conover said. "But it willprobably be reserved for patients that have failed other drugs,in part because of its checkered past."

More News
2 May 2024 19:57

GSK knew about Zantac cancer risk, attorneys tell jury in first trial

May 2 (Reuters) - U.S. attorneys for a woman who claims her colon cancer was caused by the now discontinued heartburn drug Zantac on Thursday told a jury in Chicago that pharmaceutical companies GSK and Boehringer Ingelheim knew the product could cause cancer if it was not handled properly but failed to warn the public.

Read more
2 May 2024 09:48

LONDON BROKER RATINGS: Deutsche Bank likes TP ICAP but says sell CMC

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

Read more
1 May 2024 19:39

Bird flu testing shows more dairy products are safe, US FDA says

CHICAGO, May 1 (Reuters) - Preliminary results of tests on additional dairy products show that pasteurization inactivates the bird flu virus, the U.S. Food and Drug Administration said on Wednesday.

Read more
1 May 2024 17:31

UK's FTSE 100 slips ahead of Fed outcome, energy stocks weigh

FTSE 100 down 0.3%, FTSE 250 off 0.2%

*

Read more
1 May 2024 16:56

LONDON MARKET CLOSE: FTSE 100 down ahead of US interest rate decision

(Alliance News) - Stock prices in London closed mostly in the red on Wednesday, as investors eye the latest interest rate decision from the US Federal Reserve this evening.

Read more
1 May 2024 16:42

London close: Stocks fall ahead of US Fed decision

(Sharecast News) - London markets closed lower on Wednesday, as investors digested the latest UK manufacturing data and anticipated an impending policy announcement from the US Federal Reserve.

Read more
1 May 2024 11:55

LONDON MARKET MIDDAY: FTSE 100 treads water as Fed takes centre-stage

(Alliance News) - London's FTSE 100 traded off session highs heading into Wednesday afternoon, as some pre-Federal Reserve decision nerves kicked in.

Read more
1 May 2024 10:54

GSK raises profit outlook on strong vaccine, HIV drug sales

FY profit forecast raised to 8-10%

*

Read more
1 May 2024 08:57

LONDON MARKET OPEN: FTSE 100 shakes off New York slump before Fed

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 brushing off some pre-Federal Reserve decision trepidation to record an early rise, while the dollar climbed on the expectation that Jerome Powell will sound hawkish in his press conference later.

Read more
1 May 2024 08:50

TOP NEWS: GSK expects momentum to continue after strong first quarter

(Alliance News) - GSK PLC on Wednesday raised its annual earnings forecast, and said it expects sales growth at the top-end of guidance, after a "strong" start to the year.

Read more
1 May 2024 07:46

LONDON BRIEFING: GSK ups outlook; Next first-quarter beats forecast

(Alliance News) - Equities in London are called to open flat on Wednesday, ahead of the latest Federal Reserve interest rate decision, while a host of financial markets in mainland Europe and beyond are closed for public holidays.

Read more
1 May 2024 07:36

GSK lifts annual guidance on strong virus treatment sales

(Sharecast News) - UK pharmaceutical giant GSK lifted annual profits guidance on Wednesday, as it pinned its hopes on demand for its respiratory virus and shingles treatments.

Read more
30 Apr 2024 23:46

First trial over Zantac cancer claims set to begin in Chicago

April 30 (Reuters) - The first trial over claims that blockbuster heartburn drug Zantac, once sold by GSK and other companies, causes cancer is set to begin this week in Chicago.

Read more
30 Apr 2024 22:39

First trial over Zantac cancer claims set to begin in Chicago

April 30 (Reuters) - The first trial over claims that blockbuster heartburn drug Zantac, once sold by GSK and other companies, causes cancer is set to begin this week in Chicago.

Read more
30 Apr 2024 13:51

Sensodyne maker Haleon to shut UK factory with loss of 435 jobs

(Alliance News) - More than 400 jobs are to be axed at Sensodyne toothpaste and Advil painkillers firm Haleon PLC as the group revealed plans to shut its only manufacturing site in the UK.

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.