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: 1,682.00
Bid: 1,681.00
Ask: 1,682.00
Change: 9.00 (0.54%)
Spread: 1.00 (0.059%)
Open: 1,685.50
High: 1,685.50
Low: 1,673.00
Prev. Close: 1,673.00
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-InterMune taps banks as it braces for buyout bids -sources

Wed, 13th Aug 2014 17:49

(Adds share price, healthcare M&A activity)

By Soyoung Kim and Olivia Oran

NEW YORK, Aug 13 (Reuters) - Biotechnology company InterMuneInc is working with financial advisers to evaluatestrategic options as it braces for potential takeover interestfrom larger drugmakers, people familiar with the matter said.

InterMune is in the early stages of considering options,including a potential sale, and is not soliciting takeoveroffers, the people said on Wednesday, asking not to be namedbecause the matter is not public.

The drugmaker, which specializes in treating fatal scarringof the lungs and has a market value of more than $5 billion, isbeing advised by Centerview Partners and Goldman Sachs Group in its review, the people added.

A small number of drugmakers are in the early stages ofevaluating a potential offer for InterMune and are working withadvisers, but there is no guarantee one will materialize, thepeople said.

Shares of InterMune jumped 11 percent to $50.70 on Nasdaq onWednesday, giving it a market capitalization of nearly $5.5billion.

Representatives for Centerview could not be immediatelyreached for comment. Spokesmen for InterMune and Goldman Sachsdeclined to comment.

Separately, Bloomberg News reported on Wednesday thatInterMune has drawn takeover bids from Sanofi SA,Roche Holding AG, GlaxoSmithKline Plc andActelion Ltd. (http://bloom.bg/1kBEZJi)

Makers of orphan drugs such as InterMune, which developtreatments for rare diseases, are attractive for largerbiotechnology or pharmaceutical companies looking to offset adrop in sales as their patents on blockbuster products expire.

InterMune had considered selling itself about three yearsago and held discussions with potential buyers. They decided notto pursue a deal at that time due to uncertainty over data forthe company's pirfenidone drug, people familiar with the mattertold Reuters previously.

However, buyer interest has been rekindled this year afterthe company announced positive late-stage trial results forpirfenidone in February.

The drug treats idiopathic pulmonary fibrosis, or IPF, whichis characterized by a slow decline in lung function and has noknown cause.

Healthcare companies are merging at a record pace, withyear-to-date activity topping $345.9 billion, compared to $212.2billion in the year-ago period, according to Thomson Reutersdata.

Recent large deals have included AbbVie Inc's $54billion acquisition of Shire PLC, Medtronic Inc's acquisition of Covidien PLC for $42.9 billion,and Pfizer Inc's abortive $118 billion attempt to buyAstraZeneca PLC. (Reporting by Soyoung Kim and Olivia Oran in New York; Editingby James Dalgleish and Richard Chang)

More News
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.

Read more
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%.

Read more
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.

Read more
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.

Read more
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.

Read more
16 Jan 2024 17:04

GSK to sell GBP1 billion worth of Haleon shares as trims stake again

(Alliance News) - GSK PLC on Tuesday said it intends to sell around GBP1.00 billion worth of shares in Haleon PLC, as it continues to reduce its shareholding in the Weybridge, Surrey-based consumer healthcare spin-off.

Read more
16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

Read more
16 Jan 2024 08:15

UBS downgrades AstraZeneca to 'sell'

(Sharecast News) - UBS has downgraded AstraZeneca and upgraded rival GSK as part of its latest review of the European pharmaceutical sector.

Read more
16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

Read more
15 Jan 2024 08:42

Zantac fallout unfairly weighing on GSK, says Shore Capital

(Sharecast News) - Shore Capital has raised its target price and maintained a positive stance on biopharma giant GSK, saying that worries about the potential cost of Zantac litigation are unfairly weighing on the stock.

Read more
10 Jan 2024 09:35

LONDON BROKER RATINGS: BofA cuts Ashtead; UBS likes 3i Group

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

Read more
10 Jan 2024 08:25

GSK says Nucala gets green light in China for asthma treatment

(Alliance News) - GSK PLC on Wednesday said Nucala has been approved in China for the treatment of severe asthma.

Read more
10 Jan 2024 07:22

GSK's Nucala gets fresh approval in China

(Sharecast News) - GSK announced on Wednesday that the China National Medical Products Administration (NMPA) has granted approval for 'Nucala', or mepolizumab, as an add-on maintenance treatment for severe eosinophilic asthma in adults and adolescents aged 12 years and older.

Read more
9 Jan 2024 16:22

London close: Stocks finish red after choppy session

(Sharecast News) - London stocks had turned back into the red by the close on Tuesday, with recruitment firms and asset managers pacing the declines after some disappointing corporate updates.

Read more
9 Jan 2024 08:03

TOP NEWS: GSK to buy Aiolos Bio for up to USD1.4 billion

(Alliance News) - GSK PLC on Tuesday said it will acquire asthma drug developer Aiolos Bio Inc for USD1 billion upfront, as well as up to USD400 million in certain success-based milestone payments.

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.