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Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,668.50
Bid: 1,668.00
Ask: 1,669.00
Change: -1.50 (-0.09%)
Spread: 1.00 (0.06%)
Open: 1,661.50
High: 1,679.50
Low: 1,658.50
Prev. Close: 1,670.00
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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
31 Jan 2024 08:55

LONDON MARKET OPEN: Stocks lack direction ahead of Fed, BoE

(Alliance News) - Stock prices in London lacked direction at the open on Wednesday, as investors nervously look ahead to interest rate decisions from the US Federal Reserve and Bank of England.

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31 Jan 2024 07:46

LONDON BRIEFING: Stocks called up; GSK revenue and profit up

(Alliance News) - Stocks in London are called to open higher, as markets share of nerves around the next set of interest rate decisions.

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29 Jan 2024 08:51

GSK seeks expanded use of RSV vaccine in EU, wins approval for Omjjara

(Alliance News) - GSK PLC on Monday celebrated regulatory progress for two of its products in the EU.

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29 Jan 2024 07:43

LONDON BRIEFING: Superdry looks at saving costs; Ferrexpo loses case

(Alliance News) - Stocks in London are expected to start the week on a cautious note, as investors nervously look ahead to two key interest rate decisions.

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29 Jan 2024 07:07

GSK gets EU approval to sell blood cancer treatment Omijara

(Sharecast News) - Biopharma giant GSK has been given the green light by European regulators to sell Omjjara, its treatment for patients with a rare type of blood cancer.

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26 Jan 2024 10:47

Citi hikes target price for GSK but stays 'neutral'

(Sharecast News) - Shares in biopharma giant GSK were rising on Friday, helped by forecast upgrades from Citi, which raised its target price on the stock from 1,535p to 1,700p.

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24 Jan 2024 15:08

Private equity firm Yellow Wood close to deal to acquire ChapStick-sources

Jan 24 (Reuters) - Private equity firm Yellow Wood Partners is in advanced talks to acquire ChapStick, a lip balm brand, from Haleon Plc, the former consumer health division of drug developer GSK Plc, four people familiar with the matter said.

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24 Jan 2024 14:34

UK earnings, trading statements calendar - next 7 days

Thursday 25 January 
Britvic PLCTrading Statement
Conduit Holdings LtdTrading Statement
CVS Group PLCTrading Statement
Dr Martens PLCTrading Statement
Fevertree Drinks PLCTrading Statement
Foxtons Group PLCFull Year Results
Fuller, Smith & Turner PLCTrading Statement
Halfords Group PLCTrading Statement
Idox PLCFull Year Results
IG Group Holdings PLCHalf Year Results
Intermediate Capital Group PLCTrading Statement
Mitie Group PLCTrading Statement
NCC Group PLCHalf Year Results
Newmark Security PLCHalf Year Results
Next 15 Group PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Secure Trust Bank PLCTrading Statement
St James's Place PLCTrading Statement
Time Finance PLCHalf Year Results
Titon Holdings PLCFull Year Results
Wizz Air Holdings PLCQ3 Results
Workspace Group PLCTrading Statement
Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Jan 2024 21:22

Fate of most remaining Zantac lawsuits weighed by Delaware judge

Jan 22 (Reuters) - GSK, Pfizer and other pharmaceutical companies are urging 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 17:08

Fate of most remaining Zantac lawsuits weighed by Delaware judge

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

Oxford Nanopore Technologies - Oxford, England-based company specialising in nanopore DNA-sequencing - Appoints Nick Keher as chief financial officer and director, effective immediately. Keher will replace Tim Cowper as he moves into a new role as Oxford Nanopore's chief operating officer. The company says that Cowper has been performing the majority of COO duties for the past five years, and that he will lead the company's efforts to expand its international footprint. The company also says that new CFO Keher possesses "significant experience of financial leadership of complex, scientific businesses", having served in similar roles at Clinigen Group PLC, BenevolentAI SA, Royal Bank of Canada, Investec PLC and GSK PLC.

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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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