Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. 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: 1,601.00
Bid: 1,600.50
Ask: 1,601.00
Change: -17.00 (-1.05%)
Spread: 0.50 (0.031%)
Open: 1,608.00
High: 1,615.00
Low: 1,601.00
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
4 Apr 2024 00:03

Sanofi to settle 4,000 Zantac cancer lawsuits in US state courts

NEW YORK, April 3 (Reuters) - Sanofi has reached an agreement in principle to settle 4,000 U.S. lawsuits linking the discontinued heartburn drug Zantac to cancer, the company said on Wednesday.

Read more
3 Apr 2024 22:01

Biden, Senator Bernie Sanders push companies to cut cost of asthma inhalers, prescription drugs

WASHINGTON, April 3 (Reuters) - President Joe Biden hosted a White House event with U.S. Senator Bernie Sanders on Wednesday to tout their fight against high prescription drug prices and push companies to cut the cost of inhalers for asthma sufferers.

Read more
3 Apr 2024 21:37

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

CHICAGO, April 3 (Reuters) - Texas officials reported on Monday that a farm worker tested positive for H5N1, or bird flu, that has spread to dairy cows in Texas, Kansas, New Mexico, Michigan and Idaho - the first time the virus has infected cattle.

Read more
19 Mar 2024 09:21

LONDON BROKER RATINGS: Investec cuts ConvaTec; RBC raises Vistry

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

Read more
18 Mar 2024 12:00

GSK unveils promising results from endometrial cancer trial

(Sharecast News) - GSK unveiled promising outcomes from a phase three trial of 'Jemperli', or dostarlimab, in treating primary advanced or recurrent endometrial cancer on Monday.

Read more
18 Mar 2024 08:47

TOP NEWS: Pfizer launches GBP2 billion sale of 8% stake in Haleon

(Alliance News) - Haleon PLC on Monday said Pfizer Inc plans to sell around GBP2 billion in Haleon shares, some of which will be bought back by Haleon.

Read more
18 Mar 2024 08:47

GSK says Jemperli combination gets good results for endometrial cancer

(Alliance News) - GSK PLC on Monday said a test of its Jemperli drug in combination with chemotherapy has shown it reduced the risk of death in patients with endometrial cancer by nearly a third.

Read more
7 Mar 2024 09:38

GSK observes positive data in Blenrep trial for blood cancer treatment

(Alliance News) - GSK PLC on Thursday announced positive results for Blenrep for the treatment of multiple myeloma.

Read more
7 Mar 2024 07:21

GSK reports more encouraging trial results for Blenrep

(Sharecast News) - GSK unveiled encouraging results from its 'DREAMM-8' phase three trial on Thursday, comparing the efficacy of 'Blenrep', or belantamab mafodotin, in combination with pomalidomide plus dexamethasone, or PomDex, against the standard treatment of bortezomib plus PomDex in relapsed or refractory multiple myeloma patients.

Read more
5 Mar 2024 11:03

GSK says ViiV's cabotegravir study supports longer HIV dose interval

(Alliance News) - GSK PLC on Tuesday celebrated study results from ViiV Healthcare Ltd, that showed an investigational formulation of cabotegravir can be dosed at four-month intervals.

Read more
5 Mar 2024 07:26

GSK's ViiV upbeat on ultra-long-acting HIV treatment study

(Sharecast News) - GSK announced on Tuesday that its specialist GIV joint venture with Pfizer and Shionogi, ViiV Healthcare, had reported encouraging results from its phase one clinical trial of an investigational formulation of cabotegravir, termed cabotegravir ultra long-acting (CAB-ULA).

Read more
29 Feb 2024 09:44

TOP NEWS: GSK avoids "protracted litigation" with Zantac settlement

(Alliance News) - GSK PLC on Thursday emphasised its commitment to science, as it reached another settlement in ongoing litigation over alleged links between its heartburn drug and cancer.

Read more
29 Feb 2024 07:22

GSK reaches settlement in another Zantac case

(Sharecast News) - GSK announced a confidential settlement with Boyd/Steenvoord, effectively resolving a case filed in California state court over its discontinued heartburn drug Zantac.

Read more
26 Feb 2024 08:25

GSK gonorrhoea treatment achieves efficacy endpoint in latest trial

(Alliance News) - GSK PLC on Monday announced positive results from the latest trial of its oral gonorrhoea treatment, showing it to be on par with intramuscular therapies.

Read more
26 Feb 2024 07:22

GSK reports positive results from gonorrhoea treatment trial

(Sharecast News) - GSK announced encouraging headline outcomes from its trial of gepotidacin, an oral antibiotic aiming to address uncomplicated urogenital gonorrhoea in adolescents and adults, on Monday.

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.