Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 1,775.00
Bid: 1,774.50
Ask: 1,775.50
Change: 0.00 (0.00%)
Spread: 1.00 (0.056%)
Open: 1,775.50
High: 1,778.50
Low: 1,769.00
Prev. Close: 1,775.00
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 2-$300 mln pledged to buy Ebola vaccines as NewLink shot hits snag

Thu, 11th Dec 2014 15:29

* NewLink/Merck vaccine trial paused due to joint pains

* GAVI pledges up to $300 mln for 12 mln vaccine courses

* Further funding of up to $90 mln to help vaccine roll-out (Wraps stories on GAVI funding, NewLink vaccine trial, addsGAVI CEO comment)

By Ben Hirschler and Stephanie Nebehay

LONDON/GENEVA, Dec 11 (Reuters) - GAVI, the global vaccinesalliance, said on Thursday it was committing up to $300 millionto buy Ebola vaccines, as one experimental shot hit a snag in aSwiss clinical trial after some subjects reported joint pains.

Scientists are racing to develop Ebola vaccines in recordtime but many questions remain unanswered, as evidenced by adecision to pause Swiss tests of the experimental vaccine fromNewLink and Merck.

GAVI, which is funded by governments and the Bill & MelindaGates Foundation, said it was ready to begin procurement as soonas the World Health Organization (WHO) recommended a vaccine foruse.

The world's worst Ebola outbreak has killed more than 6,000people in West Africa and experts believe millions of doses ofvaccine may be needed both to help end the current epidemic andto contain future outbreaks.

Officials involved in the Swiss study said the volunteerswho had received the NewLink shot were all fine and the WHOplayed down the problem, pointing out that temporary suspensionswere not uncommon in clinical trials.

Researchers hope safe and effective vaccines will get agreen light as soon as next year, although there is stilluncertainty over how well they will work and how many doses areneeded.

Paying for vaccines is a challenge because the worstaffected countries of Sierra Leone, Liberia and Guinea are someof the world's poorest, providing little commercial incentivefor manufacturers.

STOCKPILES

The money now earmarked by Geneva-based GAVI will helpbridge the gap and is expected to be enough to procure up to 12million courses of vaccine. WHO vaccine expert Marie-Paule Kienysaid the commitment was "fantastic".

In addition to helping in the current epidemic, the moneycould also be used to create stockpiles of Ebola vaccines,similar to those that exist for yellow fever, meningitis andcholera.

A further amount of up to $90 million will be made availablefrom GAVI's coffers to help affected countries introduce thevaccines and to rebuild their health systems.

GAVI, which was set up in 2000 with private and governmentdonor backing, has a track record of bulk-buying vaccinesupplies from manufacturers at a low price for the developingworld. Since 2000, around 440 million children have beenimmunised against a range of diseases through its programmes.

GAVI said its board had decided to prepare for procuringEbola vaccines while still awaiting a green light for the firstproduct, "in light of the seriousness of the situation and therisks associated with delays in making a vaccine available".

Two vaccines, one from NewLink and Merck and a rival shotfrom GlaxoSmithKline, are already undergoing human trials andthird one, made by Johnson & Johnson, is about to enterclinical testing.

"We've had individual discussions with all of themanufacturers and continue to work closely with them," GAVI'schief executive, Seth Berkley, told Reuters.

GAVI said it would meet the funding needs of the Ebolavaccine programme using a combination of existing and newfinancing. It also plans to join forces with other initiativesthat have already pledged funding to address the Ebola crisis.

(Reporting by Ben Hirschler; Editing by Pravin Char and GregMahlich)

More News
18 Sep 2023 07:57

LONDON BRIEFING: Phoenix Group hails "impressive" first-half

(Alliance News) - Stocks in London are called lower on Monday, as investors focus on the week's upcoming central bank decisions.

Read more
18 Sep 2023 07:18

US FDA approves GSK treatment for myelofibrosis

(Sharecast News) - GSK announced on Monday that the US Food and Drug Administration (FDA) has granted approval for 'Ojjaara', or momelotinib, as a treatment for adults suffering from intermediate or high-risk myelofibrosis with anaemia, including cases of primary myelofibrosis or secondary myelofibrosis.

Read more
15 Sep 2023 21:52

GSK's Ojjaara approved in US for myelofibrosis patients with anaemia

(Alliance News) - GSK PLC on Friday said Ojjaara, also known as momelotinib, has been approved in the US and the "first and only" treatment indicated for myelofibrosis patients with anaemia.

Read more
11 Sep 2023 08:24

Japan accepts GSK's regulatory filing for momelotinib for blood cancer

(Alliance News) - GSK PLC on Monday reported regulatory progress for momelotinib, as Japan's Ministry of Health, Labour & Welfare accepted a review for the blood cancer-focused drug.

Read more
11 Sep 2023 07:54

LONDON BRIEFING: Restaurant Group sells Frankie & Benny's and Chiquito

(Alliance News) - Stocks in London are called higher on Monday, ahead of a busy week of interest rate decisions and economic data.

Read more
6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

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

Read more
4 Sep 2023 06:00

More UK babies to need hospital treatment over delay of GSK's RSV jab

(Alliance News) - The nation's top children's doctor has warned a delay on a new vaccine to combat respiratory syncytial virus, or RSV, will mean more babies and infants will need hospital treatment this winter.

Read more
1 Sep 2023 09:11

GSK antibody accepted for Japan review, Goldman Sachs reduces stake

(Alliance News) - GSK PLC on Friday said a new drug application for its monoclonal antibody mepolizumab has been accepted for review by the Japanese government.

Read more
1 Sep 2023 07:49

LONDON BRIEFING: Stocks seen higher; UK house prices continue to fall

(Alliance News) - Stocks in London are set to open higher on Friday as markets looked ahead to a data-heavy day.

Read more
1 Sep 2023 07:12

Japan considering GSK's Nucala drug for sinusitis treatment

(Sharecast News) - Japanese regulators are reviewing a new drug application for GSK's Nucala treatment to be used for the treatment of form of adult sinusitis, the biopharma giant announced on Friday.

Read more
23 Aug 2023 12:10

LONDON MARKET MIDDAY: Stocks rise but pound slumps on sub-par UK data

(Alliance News) - Stocks in Europe were on the up heading into Wednesday afternoon, with equity markets in a confident mood on the eve of the Jackson Hole central banking event, shaking off tepid economic data which hurt the pound and euro.

Read more
23 Aug 2023 08:17

GSK gets positive results from shingles trial of Shingrix in China

(Alliance News) - GSK PLC on Wednesday celebrated positive results from the first-ever efficacy trial of its preventative shingles treatment, Shingrix, in China.

Read more
23 Aug 2023 07:04

GSK reports positive results from shingles vaccine trials in China

(Sharecast News) - GSK reported significant positive findings from its first efficacy trial of the 'Shingrix' shingles vaccine in China on Wednesday.

Read more
22 Aug 2023 13:09

UK's Wood Group raises profit forecast on contract wins; shares rise

CFO David Kemp to retire

*

Read more
21 Aug 2023 22:37

US FDA approves Pfizer's maternal RSV vaccine to protect infants

Aug 21 (Reuters) - The U.S. Food and Drug Administration on Monday approved Pfizer's respiratory syncytial virus (RSV) vaccine for use in women during the middle of the third trimester of pregnancy to protect their babies.

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.