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: 1,778.00
Bid: 1,774.00
Ask: 1,774.50
Change: -10.50 (-0.59%)
Spread: 0.50 (0.028%)
Open: 1,796.00
High: 1,808.50
Low: 1,772.50
Prev. Close: 1,788.50
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 2-Glaxo heart drug that failed trial shows potential benefit

Sun, 30th Mar 2014 20:59

(Adds independent doctor comment)

By Bill Berkrot and Ransdell Pierson

WASHINGTON, March 30 (Reuters) - A new type of heart drugbeing developed by GlaxoSmithKline, which failed themain goal of a Phase III study of patients with chronic butwell-treated heart disease, showed signs of potential benefit,the trial's co-leader said.

The results presented at the American College of Cardiology(ACC) scientific meeting in Washington on Sunday provided aglimmer of hope that the medicine, darapladib, may have value.

"I'm convinced there is a signal here of efficacy and thedrug is safe," said Dr. Harvey White, co-chair of the large,Glaxo-sponsored international study, who presented the findings.

The real test of darapladib is likely to come from a second,late-stage study in far less stable patients who received themedicine within 30 days of a heart attack.

A positive result in that study could put the drug back ontrack, after it was largely discounted by analysts and investorsfollowing the first Phase III failure.

The stakes are high for the British drugmaker as gainingfull control of darapladib was one of the reasons behind its$3.6 billion acquisition of Human Genome Sciences in 2012.

Human Genome had rejected an earlier $2.6 billion offer,claiming that Glaxo was underestimating the blockbuster salespotential of darapladib.

Glaxo had previously said darapladib did no better than aplacebo in decreasing the risk of a combination ofcardiovascular death, heart attack and stroke in the trialcalled Stability. The trial involved 15,828 patients followedfor a median of 3.7 years.

For those taking the Glaxo pill, 9.7 percent had one of themajor adverse events compared with 10.4 percent for the placebo,which was not a statistically significant difference.

"The question is whether or not a population of patients athigher risk may yield different results," said Dr. PatrickO'Gara, the incoming ACC president from Brigham & Women'sHospital in Boston who was not involved in the study.

"I don't think that we as a community are ready to throw itaway. Further investigation would be appropriate," added O'Gara,who called the Stability trial spectacularly well done. "We'rehopeful that something like this may be a breakthrough."

A lack of any impact on stroke prevention appears to havecontributed to the failure of the study, researchers surmised.

In addition, the effect of the Glaxo drug may have beenmuted by the high level of care the patients were receiving.

Almost all were taking statins and aspirin and nearly 80percent were on blood pressure drugs - all known to decrease therisk of heart attacks, strokes and death.

"We're setting a very high bar and we may have affected ourability to (determine) a treatment effect," said White, directorof the coronary care unit at Auckland City Hospital in NewZealand.

SECONDARY GOALS IMPORTANT

The drug's impact on the secondary goals of the study wasdeemed "nominally significant" by researchers, meaning they sawthe potential of a clinically meaningful effect despite fallingshort of statistical significance.

One of the secondary goals looked at the effect on acombination of death from heart disease, heart attacks, or needfor an urgent artery clearing procedure.

Another secondary goal combined deaths from heart disease, heart attacks, hospitalizations for unstable angina or need for any artery clearing procedure.

"These are all things that are very important for patients,"White explained.

When isolated from the composite goals, darapladib didnumerically better at delaying heart attacks. There were 361heart attacks in the drug group and 405 in the placebo group,although the difference missed statistical significance. Therewere also fewer deaths among darapladib patients.

The stroke numbers by comparison were nearly identical - 154versus 152 for placebo.

Darapladib blocks an enzyme known as Lp-PLA2, high levels ofwhich are considered a risk factor for heart disease.

It is believed the drug changes the composition of plaque onartery walls, making it less likely to rupture and cause clogsand serious heart problems.

One sub group of darapladib patients that fared better thanthe overall population was smokers, who had a greater decreasein major adverse events than non-smokers. Previous studies haveshown that smokers have higher Lp-PLA2 levels, so may be moreresponsive to Lp-PLA2 inhibition.

The most common side effects with darapladib were diarrhea,and unpleasant odor in feces, urine and skin.

There was a higher rate of kidney failure reported inpatients who took the Glaxo drug, but White said mostresearchers did not believe that was related to darapladib.

White said he was disappointed the drug failed to meet themain goal of the study. "But there is a message here thatsomething is going on. I wouldn't for one moment think thatthere's nothing going on here and it should be abandoned," hesaid.

Glaxo is pinning its hopes on the study in sicker patientsthat should have results available in two or three months.

"If in the second study you see effects on thecardiovascular end points, this is still a potentially usefuldrug for patients with heart disease," Murray Stewart, Glaxo'shead of Metabolic Pathways Cardiovascular Therapy Area, said ina telephone interview.

"The main thing will be the next study." (Reporting by Bill Berkrot; Editing by Sophie Hares andMeredith Mazzilli)

More News
15 Feb 2024 08:49

GSK completes USD1.4 billion purchase of respiratory firm Aiolos Bio

(Alliance News) - GSK PLC on Thursday said it has completed the acquisition of Aiolos Bio Ltd, expanding its respiratory portfolio with a potential "best-in-class" asthma treatment.

Read more
13 Feb 2024 16:53

LONDON MARKET CLOSE: Stocks in red amid sticky US inflation data

(Alliance News) - Stock prices in London closed in the red on Tuesday, after a key US inflation reading came in hotter-than-expected.

Read more
13 Feb 2024 16:21

London close: Stocks fall as US inflation tops expectations

(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.

Read more
13 Feb 2024 16:21

London close: Stocks fall as US inflation tops expectations

(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.

Read more
13 Feb 2024 12:06

LONDON MARKET MIDDAY: Stocks fall but pound up before US data

(Alliance News) - Stock prices in London were on the decline on Tuesday afternoon, with sentiment tetchy ahead of a US inflation report later.

Read more
13 Feb 2024 09:45

Citi ups recommendation on GSK to 'buy'

(Sharecast News) - Citi has upgraded its rating on vaccines and drugs blue chip GSK to 'buy' while also boosting its earnings estimates.

Read more
13 Feb 2024 09:32

LONDON BROKER RATINGS: Citi lifts GSK; Shore likes XPS Pensions

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

Read more
13 Feb 2024 07:45

LONDON BRIEFING: "Record" Tui quarter; Ultimate Products eyes payouts

(Alliance News) - London's FTSE 100 is to open ever-so-slightly lower on Tuesday, with trade set to be nervy ahead of the afternoon's US inflation data.

Read more
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

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.