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Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,783.50
Bid: 1,780.00
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Change: -29.00 (-1.60%)
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UPDATE 3-AstraZeneca antibody cocktail study shows success treating COVID-19

Mon, 11th Oct 2021 07:52

* Shortly after infection, drug cuts risk of deterioration

* Astra sees shot's main use in preventative setting

* Faces competition from other antibodies, Merck tablet
(Adds quotes from media call)

By Ludwig Burger, Yadarisa Shabong and Sachin Ravikumar

Oct 11 (Reuters) - AstraZeneca's antibody cocktail
against COVID-19, which has proven to work as a preventative
shot in the non-infected, was also shown to save lives and
prevent severe disease when given as treatment within a week of
first symptoms.

The drug, a combination of two antibodies called AZD7442,
reduced the risk of severe COVID-19 or death by 50% in
non-hospitalised patients who have had symptoms for seven days
or less, the Anglo-Swedish drugmaker said on Monday.

The risk reduction was even better in patients who started
therapy within just five days of initial symptoms, but
AstraZeneca joins an already crowded field of medicines that
were shown to prevent deterioration in patients with mild
disease when given soon after diagnosis.

AstraZeneca executive Mene Pangalos said in a media call
that the treatment results would mainly underscore the potential
future use as a non-vaccine prevention.

"If and when this is approved it will be used in the
treatment setting as well. But the real differentiator for this
antibody is going to be in the prophylactic setting," he said.

Similar therapies made with a class of drugs called
monoclonal antibodies are being developed by Regeneron,
Eli Lilly and GlaxoSmithKline with partner Vir
. These therapies are approved for emergency use in the
United States for treating mild-to-moderate COVID-19.

Regeneron's therapy showed 72% protection against
symptomatic infection in the first week, and 93% after that.

GSK-Vir's showed a 79% reduction in the risk of
hospitalisation or death due to any cause, while Eli Lilly's
therapy showed a 70% reduction in viral load at day seven
compared to a placebo.

Merck & Co Inc, in turn, is emphasising the
convenience of use of its anti-COVID-19 tablet, which cut the
risk of having to got to hospital or of dying by 50% in a trial
of early-stage patients who had at least one risk factor.

Merck, collaborating with Ridgeback Biotherapeutics, on
Monday applied for U.S. emergency clearance for the oral
drug.

AstraZeneca, whose COVID-19 vaccine has been widely used
across the globe, asked U.S. regulators last week to grant
emergency use authorisation for AZD7442 as a preventative shot.

As such, it is designed to protect people who do not have a
strong enough immune response to vaccines, primarily those who
have received organ transplants or who are in cancer care.

If full market clearance is obtained after any emergency
approval the market could widen, for instance, to include crew
and passengers of a cruise ship, said Pangalos.

"You can say the same for people who don't want to be
vaccinated but want an antibody," he added.

AstraZeneca said it is submitting the new treatment data on
AZD7442 to global health regulators.

The trial took place across 13 countries and involved more
than 900 adult participants, 90% of whom suffered from
conditions that made the particularly vulnerable to COVID-19,
such as cancer and diabetes. One half receiving AZD7442 and the
rest a placebo.

Full trial results will be submitted for publication in a
peer-reviewed journal, AstraZeneca said.

AZD7442 contains laboratory-made antibodies designed to
linger in the body for months to contain the virus in case of an
infection. A vaccine, in contrast, relies on an intact immune
system to develop targeted antibodies and infection-fighting
cells.

While Monday's results cover the use of AZD7442 in
non-hospitalised patients, a separate trial is also studying its
use as a treatment for hospitalised COVID-19 patients.
(Reporting by Ludwig Burger in Frankfurt, Yadarisa Shabong in
Bengaluru; Editing by Saumyadeb Chakrabarty, Kirsten Donovan and
Alexander Smith)

More News
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.

Read more
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.

Read more
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.

Read more
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.

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

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