Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 1,587.00
Bid: 1,586.50
Ask: 1,587.50
Change: -31.00 (-1.92%)
Spread: 1.00 (0.063%)
Open: 1,608.00
High: 1,615.00
Low: 1,587.00
Prev. Close: 1,618.00
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 3-AstraZeneca's antibody therapy prevents COVID-19, study shows

Fri, 20th Aug 2021 07:53

* Astra in frame to launch new prevention tool on top of
vaccines

* Antibody combo 77% effective in preventing COVID-19

* New hope for immunocompromised with low vaccine protection

* AstraZeneca pursuing initial approval well before year-end

*
(Adds expert comment, background on mode of action)

By Ludwig Burger

Aug 20 (Reuters) - Trial data from AstraZeneca on
Friday raised the prospect of a new treatment to prevent
COVID-19 beyond vaccines, giving hope in particular for people
who respond poorly to immunisation shots.

The British drugmaker said its new antibody therapy reduced
the risk of people developing any COVID-19 symptoms by 77% in a
late-stage trial.

While vaccines rely on an intact immune system to develop an
arsenal of targeted antibodies and infection-fighting cells,
AstraZeneca's AZD7442 therapy consists of lab-made antibodies
that are designed to linger in the body for months to stifle the
coronavirus in case of an infection.

The company said that 75% of the participants in the trial
for the therapy - which comprises two types of antibodies
discovered by Vanderbilt University Medical Center in the United
States - had chronic conditions including some with a lower
immune response to vaccinations.

Similar therapies made with a drug class called monoclonal
antibodies are being developed by Regeneron, Eli Lilly
and GlaxoSmithKline with partner Vir,
competing for a role in COVID treatment and prevention.

But AstraZeneca is first to publish positive prevention
trial data in the field and is now targeting conditional
approval in major markets well before the end of the year,
aiming to produce roughly 1 to 2 million doses by then.

Penny Ward, Visiting Professor in Pharmaceutical Medicine at
Kings College in London, said the news bode well for people who
have responded poorly to vaccination or who must take
immune-suppressants for post-transplant, autoimmune disease and
other conditions.

"It could potentially be game changing for these
individuals, who are currently being advised to continue to
shield despite being fully vaccinated," she said.

The good news on the therapy was tempered, however, by a
separate AstraZeneca statement https://www.astrazeneca.com/media-centre/press-releases/2021/update-on-ultomiris-phase-iii-als-trial.html
on Friday.

It said a trial of a treatment for the rare neurological
disorder amyotrophic lateral sclerosis (ALS), developed by
AstraZeneca's newly acquired Alexion, had been stopped early due
to a lack of efficacy.

AstraZeneca shares were up just 0.1% at 1400 GMT.

AstraZeneca executive Mene Pangalos said the therapy trial
results were taken three months after the antibodies were
injected and investigators would follow up as far out as 15
months in the hope the company can tout the shot as a year-long
shield.

"We’re really trying to help patients that need an added
level of protection on top of a vaccine," said Pangalos.

He signalled that the prospects of a new COVID-19 product in
AstraZeneca's medicine cabinet could also enhance the strategic
value of its existing vaccine Vaxzevria, which it developed in
collaboration with Britain's Oxford University.

"No other company has delivered two molecules against
SARS-CoV2. This definitely helps us in positioning us in terms
of COVID," Pangalos told Reuters. SARS-CoV2 is the scientific
term for the coronavirus that causes COVID-19.

Another leading AstraZeneca executive, Ruud Dobber, had said
last month that different strategic options were being explored
for AstraZeneca's vaccine operations, which have faced a string
of challenges.

APPROVAL TARGETS

The Anglo-Swedish drugmaker has suffered production problems
during the rollout of Vaxzevria while very rare cases of blood
clotting have weighed heavily on demand for the shot in Europe.
The vaccine has also yet to win clearance in the United States.

Concerns over the new Delta variant of COVID-19 and waning
vaccine efficacy have prompted several high-income countries to
offer a third vaccine shot on top of the usual two-shot regimen
to the immunocompromised and other groups at risk.

The immunocompromised, such as those with organ transplants
or in cancer care, make up about 2% of the population and would
be the main target group for the new therapy. Naval forces on
missions could also benefit, among others, Pangalos said.

Even though only 12% to 13% of the trial volunteers were
vaccinated when the therapy trial data was generated,
AstraZeneca will seek to position the shot as a top-up to
previous inoculations.

One or two manufacturing sites at as-yet undisclosed
locations would serve world demand, said Pangalos, adding that
AstraZeneca stood ready to boost production if countries or
international organisations placed bulk orders.

(Additional Reporting by Muvija M in Bengaluru; Editing by
Sriraj Kalluvila, Jason Neely, David Clarke and Susan Fenton)

More News
20 Jun 2024 16:01

Industry groups back drugmakers' appeal in Zantac cancer lawsuits

June 20 (Reuters) - A bid by GSK and other drugmakers to stop more than 70,000 lawsuits in Delaware over discontinued heartburn drug Zantac has received the backing of leading U.S. industry groups, including the United States Chamber of Commerce and Pharmaceutical Research and Manufacturers of America.

Read more
11 Jun 2024 14:31

Zantac litigation fears overdone at GSK, says Shore Capital

(Sharecast News) - Volatile moves in GSK's share price are likely to persist in the near term as a result of ongoing Zantac-related litigation, but the long-term investment case is "still appealing", according to Shore Capital, which kept a 'buy' rating on the stock.

Read more
11 Jun 2024 09:32

TOP NEWS: GSK takes first steps to appeal Zantac ruling in Delaware

(Alliance News) - GSK PLC on Tuesday said it has taken the first steps to seek appeal of a ruling by the Delaware Superior Court in regard to its discontinued heartburn drug Zantac.

Read more
11 Jun 2024 09:12

LONDON MARKET OPEN: FTSE 100 up; UK unemployment rises to 4.4%

(Alliance News) - Stock prices in London opened higher on Tuesday, after a difficult day for markets on Monday amid the EU election fallout.

Read more
11 Jun 2024 07:52

LONDON BRIEFING: FTSE 100 called up despite unemployment rise

(Alliance News) - The FTSE 100 in London was called to open higher on Tuesday, after data showed that unemployment in the UK unexpectedly rose.

Read more
11 Jun 2024 07:22

GSK launches appeal to recent Zantac ruling

(Sharecast News) - GSK has started the process of appealing a recent decision by the Delaware Superior Court regarding the ongoing Zantac, or ranitidine, litigation, it announced on Tuesday.

Read more
11 Jun 2024 00:32

GSK asks to appeal Delaware ruling allowing Zantac cases to go forward

June 10 (Reuters) -

Read more
10 Jun 2024 22:49

Latest trial over Zantac cancer claims called off as plaintiff drops case

June 10 (Reuters) - A woman who claimed in a lawsuit that GSK's discontinued heartburn drug Zantac caused her breast cancer dropped her case shortly before it was set to go to trial in Illinois state court on Monday, the company announced.

Read more
10 Jun 2024 19:00

TOP NEWS: GSK welcomes dismissal of Zantac case in Illinois

(Alliance News) - GSK PLC on Monday welcomed the dismissal of a case in the US concerning the heartburn drug, Zantac, which was due to start on Monday.

Read more
10 Jun 2024 12:42

EU to secure 40 million avian flu vaccines for 15 countries - officials

BRUSSELS, June 10 (Reuters) - The EU will sign a contract on Tuesday to secure over 40 million doses of a preventative avian flu vaccine for 15 countries with the first shipments heading to Finland, EU officials said on Monday.

Read more
10 Jun 2024 08:39

GSK gets FDA approval for Arexvy vax in 50-59 year olds at risk of RSV

(Alliance News) - GSK PLC on Monday announced that the US Food & Drug Administration has approved an expanded age indication for its respiratory syncytial virus vaccine.

Read more
10 Jun 2024 07:37

LONDON BRIEFING: FTSE called down amid political uncertainty in EU

(Alliance News) - Stocks in London are called to open lower on Monday, setting off the week on the backfoot, with eyes on the US Federal Reserve's latest interest rate decision.

Read more
10 Jun 2024 07:17

GSK's Arexvy vaccine approved for wider age range

(Sharecast News) - US regulators have approved the use of GSK's Arexvy vaccine for a younger age group, the biopharma group announced on Monday.

Read more
7 Jun 2024 19:34

What to know about bird flu in dairy cows and the risk to humans

CHICAGO, June 7 (Reuters) - The outbreak of bird flu in U.S. dairy cows has now been confirmed in Minnesota and Iowa, bringing to 11 the total number of affected states, which have been encouraged to ramp up testing efforts at the request of government officials.

Read more
5 Jun 2024 09:52

LONDON BROKER RATINGS: Berenberg raises Taylor Wimpey to 'buy'

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

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.