Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 1,778.00
Bid: 1,774.00
Ask: 1,774.50
Change: 0.00 (0.00%)
Spread: 0.50 (0.028%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1,778.00
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 4-EU pays $384 mln for Sanofi-GSK COVID vaccine as WHO scheme deadline looms

Fri, 18th Sep 2020 10:51

* Sanofi, GSK to supply up to 300 mln shots

* EU paid 324 million euros to secure supply

* Deal comes on deadline day to join WHO's COVAX scheme

* Many wealthy countries still to join
(Adds price paid for deal in second paragraph)

By Philip Blenkinsop and Matthias Blamont

BRUSSELS/PARIS, Sept 18 (Reuters) - The European Union has
agreed to buy a potential COVID-19 vaccine from Sanofi
and GSK in its second such deal to secure supplies, as a
deadline for joining the World Health Organization's (WHO)
vaccine purchase programme looms.

The deal will see the French and British drugmakers, which
have teamed up to manufacture a recombinant protein-based
vaccine they hope to get approved next year, provide the EU with
up to 300 million doses in exchange for a down payment of 324
million euros ($384 million).

Friday's agreement confirms an announcement made on July 31
by the two companies and follows an earlier deal between the EU
and AstraZeneca for the supply of up to 400 million
shots after a down payment of 336 million euros.

In return for the right to the doses, the European
Commission will finance part of the upfront costs faced by
vaccine producers. The vaccine doses themselves will be bought
by EU countries.

The latest deal comes on deadline day for members of the WHO
to join its COVAX scheme, which aims to buy COVID-19 vaccines
and ensure immunisations are fairly and efficiently distributed.

So far, 92 lower-income nations are seeking assistance via
COVAX, part of the WHO's ACT Accelerator to boost development of
vaccines, therapeutics and diagnostics to combat the pandemic.

Some 80 higher-income nations have expressed interest, but
many have yet to join as they scramble to secure supplies
separately.

France will provide funding for the initiative but will not
source shots through it, a health ministry official said on
Thursday, after Paris decided to be part of a joint scheme
arranged through the EU.

There is currently no internationally-approved vaccine for
COVID-19, the illness caused by the new coronavirus, which has
claimed more than 946,000 lives and derailed the world economy.

For Sanofi and GSK, the deal follows a $2.1 billion
agreement with the United States in July for 100 million doses,
with an option for Washington to purchase an additional 500
million, as well as a UK deal for 60 million doses.

Sanofi and GSK started clinical trials of their vaccine this
month and aim to reach the final testing stage by December.

The vaccine candidate uses the same recombinant
protein-based technology as one of Sanofi's seasonal influenza
vaccines. It will be coupled with an adjuvant, a substance that
acts as a booster to the vaccine, made by GSK.

The two companies are scaling up manufacturing to be ready
to produce up to one billion doses per year.

Sanofi is also working on another potential COVID-19 vaccine
with U.S. company Translate Bio, using a technology
called mRNA.
FACTBOX- The race for a coronavirus vaccine
FACTBOX-U.S., UK spend billions to take lead in securing
coronavirus vaccines
($1 = 0.8440 euros)

(Additional reporting by Francesco Guarascio, editing by Louise
Heavens)

More News
23 May 2024 19:21

Zantac not a cause of woman’s cancer, jury says in first trial over drug

CHICAGO, May 23 (Reuters) - A jury in Chicago on Thursday rejected an Illinois woman’s claim that the now discontinued heartburn drug Zantac caused her colon cancer, in the first trial out of thousands of lawsuits making similar allegations.

Read more
22 May 2024 22:59

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

CHICAGO, May 22 (Reuters) -

Read more
21 May 2024 11:23

AstraZeneca aims for $80 bln in total revenue by 2030

Sees $80 bln in 2030 revenue by 2030

*

Read more
21 May 2024 08:49

GSK's depemokimab asthma treatment meets endpoints in latest trials

(Alliance News) - GSK PLC on Tuesday announced positive results from trials of depemokimab, an "ultra-long-acting biologic" that could simplify treatment options for patients with severe asthma.

Read more
21 May 2024 07:21

GSK reports promising results from asthma treatment trials

(Sharecast News) - GSK announced promising results from phase three clinical trials evaluating the efficacy and safety of depemokimab in treating severe asthma with type 2 inflammation on Tuesday.

Read more
20 May 2024 16:11

IN BRIEF: GSK executive buys GBP20,026 worth shares

GSK PLC - London-based pharmaceuticals firm - Senior Vice President, Global Communications & Chief Executive Office, Sally Jackson, buys 1,120 shares at 1,788 pence each. Worth total GBP20,026.

Read more
17 May 2024 17:38

London's FTSE nudges lower for week after record run

Haleon falls after GSK offloads remaining stake

*

Read more
17 May 2024 15:52

London close: Stocks recoup some earlier losses

(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.

Read more
17 May 2024 11:52

LONDON MARKET MIDDAY: FTSE 100 slides; Eurozone inflation steady

(Alliance News) - Stock prices in London were lacklustre at midday on Friday, as investors eye the trajectory of interest rates across the globe.

Read more
17 May 2024 09:03

TOP NEWS: GSK sells remaining Haleon stake for GBP1.25 billion

(Alliance News) - GSK PLC on Friday said it has sold its remaining shares in Haleon PLC, marking a total exit from its consumer healthcare spin-off.

Read more
17 May 2024 08:56

LONDON MARKET OPEN: FTSE 100 lacklustre as Wall Street rally ends

(Alliance News) - Stock prices in London opened lower on Friday, after Thursday saw Wall Street's rally end in a record breaking session.

Read more
17 May 2024 08:39

GSK raises $1.5 bln from sale of remaining Haleon stake

May 17 (Reuters) - British drugmaker GSK has raised 1.25 billion pounds ($1.52 billion) from a sale of its remaining stake in consumer healthcare company Haleon to institutional investors.

Read more
17 May 2024 07:42

LONDON BRIEFING: Land Securities ups dividend; GSK sells Haleon stake

(Alliance News) - Stocks in London are called to open lower, as investors wait for an inflation reading from the eurozone later this morning.

Read more
17 May 2024 07:29

GSK raises £1.25bn from sale of remaining Haleon stake

(Sharecast News) - GSK said on Friday that it has sold its remaining 4.2% stake in consumer health business Haleon, which it spun off in July 2022.

Read more
16 May 2024 17:33

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

BT Group up after CEO aims for more than double free cash flow

*

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.