Firering Strategic Minerals: From explorer to producer. 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: 1,596.00
Bid: 1,595.50
Ask: 1,596.00
Change: -22.00 (-1.36%)
Spread: 0.50 (0.031%)
Open: 1,608.00
High: 1,615.00
Low: 1,575.00
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-Biden sets out plan to share 25 mln COVID-19 vaccine doses with the world

Thu, 03rd Jun 2021 16:56

(Adds reaction, background)

By Jeff Mason and Carl O'Donnell

WASHINGTON, June 3 (Reuters) - The White House laid out a
plan on Thursday for the United States to share 25 million
surplus COVID-19 vaccine doses with the world and said it would
lift some restrictions to allow other countries to more easily
buy U.S.-made supplies for vaccine production.

President Joe Biden said the United States would share the
vaccines without expectation of political favors in return. He
has pledged to share some 80 million COVID-19 vaccines
internationally this month.

The United States will donate nearly 19 million doses
through the COVAX international vaccine-sharing program, Biden
said in a statement. Through COVAX, some 6 million doses would
go to Latin America and the Caribbean, about 7 million doses to
South and Southeast Asia and roughly 5 million to Africa.

The remaining doses, amounting to just over 6 million, would
go directly from the United States to countries including
Canada, Mexico, India and South Korea, he said.

"We are sharing these doses not to secure favors or extract
concessions," Biden said. "We are sharing these vaccines to save
lives and to lead the world in bringing an end to the pandemic,
with the power of our example and with our values."

Although the United States is working through the COVAX
facility co-run by the World Health Organization, the White
House retains final say in which countries receive U.S. doses
and how many, said national security adviser Jake Sullivan.

The White House will base donation decisions on "factors
included achieving global coverage, responding to crises ... and
helping as many countries as possible," Sullivan said, adding
the United States intends to prioritize its neighbors, including
Canada, Mexico and countries in Central and South America.

Reuters reported last month that the United States was
considering prioritizing its own hemisphere, with Latin America
a beneficiary.

The 25 million doses would be delivered quickly, with some
going out as soon as Thursday, the White House said.

Biden has come under pressure from the world community to
share the U.S. surplus of COVID-19 vaccines.

For months, the White House remained focused on getting
Americans vaccinated as the coronavirus killed more than half a
million people in the United States.

But the president has promised the United States would
become a supplier to other countries and pledged to send abroad
at least 20 million doses of the Pfizer Inc/BioNTech SE
, Moderna Inc and Johnson & Johnson
vaccines, on top of some 60 million AstraZeneca Plc
doses he had already planned to give to other countries.

The 25 million doses Biden announced on Thursday will not
include supply from AstraZeneca, the White House said.

International organizations including the United Nations and
the World Bank welcomed the announcement. "It’s a good start,
and I am hoping that more doses will be made available," World
Bank President David Malpass told Reuters.

LIFTING SOME RESTRICTIONS

The White House is also removing special powers it granted
through the Defense Production Act (DPA) to certain vaccine
makers that received U.S. funding but do not yet have U.S.
approvals, including AstraZeneca, Sanofi SA/GlaxoSmithKline Plc
, and Novavax Inc.

The DPA ratings give U.S. producers priority access to
supplies and equipment needed to manufacture the vaccines that
are in short supply around the world. Lifting them could free up
raw materials for major vaccine makers elsewhere, especially the
Serum Institute of India (SII).

Invoking the DPA helped build a huge local vaccine
production system, while some companies overseas have struggled
to get needed supplies to ramp up vaccine production.

SII, the world's largest vaccine maker and a top supplier of
COVID-19 shots to low- and middle-income countries, had
criticized the use of the DPA, and Reuters reported in May that
a shortage of U.S.-made raw materials would hit production of
Novavax's vaccine.

"That is a start, at least – the Biden administration acting
to stop harming the global response. Now, we need a DPA for the
world," said Peter Maybarduk, access to medicines director at
consumer watchdog Public Citizen, which has argued the United
States should use the DPA to scale up global vaccine production.

White House COVID-19 adviser Jeff Zients said the United
States would continue to donate additional doses throughout the
summer as more supply becomes available.

Concern has been growing about the huge disparity in
vaccination rates in developing countries versus advanced
economies.

The International Monetary Fund and World Bank on Thursday
urged the Group of Seven advanced economies to release any
excess COVID-19 vaccines to developing countries as soon as
possible, and called on manufacturers to ramp up production to
benefit poor countries.

Pfizer has begun independently exporting millions of its
U.S.-made shots largely to countries in Central and South
America, Reuters reported last month.

Many Latin American countries have a dire need for COVID-19
vaccines as they combat outbreaks. Brazil has been one of the
world’s hardest-hit countries by the pandemic, reporting more
than 15 million cases and 400,000 deaths.

Peru this week revised its COVID-19 death toll, making it
the country with the worst per-capita fatality rate.
(Reporting by Jeff Mason and Carl O'Donnell; additional
reporting by Allison Martell and Andrea Shalal; Editing by Bill
Berkrot and Peter Cooney)

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.