Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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: 1,673.00
Bid: 1,674.00
Ask: 1,675.00
Change: 3.00 (0.18%)
Spread: 1.00 (0.06%)
Open: 1,661.50
High: 1,679.50
Low: 1,658.50
Prev. Close: 1,670.00
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
12 Feb 2024 17:11

London close: Stocks finish higher after very quiet Monday

(Sharecast News) - London markets managed modest gains by the close of a subdued trading session on Monday, with no significant corporate or economic catalysts driving movements.

Read more
12 Feb 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 underperforms as European peers rise

(Alliance News) - London's FTSE 100 underwhelmed on Monday, with some of its largest constituents pulling it lower, while indices in Europe were on the up on favourable comments on interest rate cuts by a European Central Bank official.

Read more
12 Feb 2024 08:35

TOP NEWS: GSK's bepirovirsen receives US FDA fast track designation

(Alliance News) - GSK PLC on Monday said that the US health watchdog granted fast track designation for its bepirovirsen treatment for chronic hepatitis B.

Read more
12 Feb 2024 07:50

LONDON BRIEFING: Tritax Big Box, UK Commercial Property agree merger

(Alliance News) - Equities in London are called to open higher on Monday, with inflation readings from the US and UK on the horizon, which could drive equity market sentiment during the remainder of the week.

Read more
12 Feb 2024 07:21

GSK gets FDA fast track for chronic hepatitis B treatment

(Sharecast News) - GSK announced on Monday that bepirovirsen, an investigational antisense oligonucleotide (ASO) aimed at treating chronic hepatitis B (CHB), had been granted fast track designation by the US Food and Drug Administration (FDA).

Read more
9 Feb 2024 09:15

LONDON BROKER RATINGS: Deutsche Bank cuts AstraZeneca to 'sell'

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

Read more
6 Feb 2024 08:51

TOP NEWS: GSK reports positive news on trio of high profile products

(Alliance News) - GSK PLC on Tuesday delivered a triple dose of positive updates on some of its leading products, Arexvy, Shingrix and Blencep.

Read more
6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

Read more
6 Feb 2024 07:23

GSK reports positive myeloma trial results, progresses vaccine applications

(Sharecast News) - GSK reported progress in its trial of a myeloma treatment on Tuesday, as well as regulatory progress around its shingles vaccine in China and its RSV vaccine in the United States.

Read more
1 Feb 2024 09:27

TOP NEWS: GSK maintains "vigorous" defence after settling Zantac case

(Alliance News) - GSK PLC on Thursday insisted upon its scientific integrity, after reaching another settlement in ongoing litigation over alleged links between its heartburn drug and cancer.

Read more
1 Feb 2024 09:11

GSK settles Zantac case in California without admitting liability

(Sharecast News) - GSK announced on Thursday that it had reached a confidential settlement to effectively resolve the legal case over Zantac filed in a California state court.

Read more
1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

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

Read more
1 Feb 2024 07:42

LONDON BRIEFING: Shell profit falls; announces USD3.5 billion buyback

(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision.

Read more
31 Jan 2024 17:05

LONDON MARKET CLOSE: Stocks mixed hours before expected US Fed hold

(Alliance News) - Stock prices in London closed mixed on Wednesday in a trade-thinned day ahead of the US Federal Reserve interest rate decision this evening.

Read more
31 Jan 2024 15:49

London close: Stocks mixed ahead of US Fed, BoE decisions

(Sharecast News) - London's financial markets finished with mixed performance on Wednesday, with investors closing their wallets ahead of rate announcements from both the US Federal Reserve and the Bank of England.

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.