focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 1,779.00
Bid: 1,778.50
Ask: 1,779.00
Change: -33.50 (-1.85%)
Spread: 0.50 (0.028%)
Open: 1,792.50
High: 1,802.00
Low: 1,775.50
Prev. Close: 1,812.50
GSK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WHO seeks new mechanism for crisis vaccine supplies at low cost

Wed, 19th Oct 2016 14:27

By Kate Kelland, Health and Science Correspondent

LONDON, Oct 19 (Reuters) - The World Health Organization,drugmakers and humanitarian groups are hammering out details ofa new vaccine supply system aimed at getting vital shots tovulnerable people in crises such as wars or natural disasters.

The mechanism, which so far has British drugmakerGlaxoSmithKline signed up to provide its pneumoniavaccine at the lowest possible price, will ask other majorpharmaceutical firms including Pfizer and Merck to make similar cut-price agreements for emergencies only.

"The idea is that this will set a model in place for othermanufacturers to put their vaccines on the table," said GregElder, a medical coordinator with the international charityMedecins Sans Frontieres (MSF) which joined talks on the issueat the WHO's Geneva headquarters last week.

A spokesman for the WHO said the humanitarian vaccinemechanism - which would only be used in crisis situations -could mean reaching millions of vulnerable people withprotective shots against potential killers such as measles,yellow fever and pneumonia.

For now, GSK has pledged to make its PCV-10 vaccine forpneumococcal infection available at its lowest possible price,he said, and other manufacturers are considering which of theirshots might also be included.

Signing up would mean drugmakers agreeing to supply theshots at a price equivalent to that paid by the United Nationschildren's fund UNICEF for vaccines supplied under the GAVIVaccines Alliance to low and middle-income countries who can'tafford to pay full price.

Yet unlike GAVI, the cheaper emergency vaccines would beaccessible only to non-governmental organisations such as MSFand other charities and humanitarian groups - not to healthministries or national authorities.

This, said MSF's Elder, will ensure drugmakers are notexposed to having to supply large quantities of vaccines atrock-bottom prices that could dent their profits.

"We're talking about a very specific cohort - refugees,displaced populations, people who have gone through a lot oftrauma and have had to flee their homes," Elder said.

"It's a small group of people who are caught in the middleof emergencies and can fall through the gaps. And it's a minutefraction of their (the drug companies') global market."

The International Federation of Pharmaceutical Manufacturers& Associations (IFPMA) and the Developing Countries VaccineManufacturers Network (DCVMN), who took part in the talks"expressed great interest" and said they would take the idea totheir members, according to Noni MacDonald, an immunisationspecialist and professor of paediatrics at Canada's DalhousieMedical School, who chaired the meeting.

Philippe Duclos, a senior WHO expert on immunisation, saidthe hope is that the mechanism will ultimately cover some 23shots against diseases ranging from cholera to rabies to polioto hepatitis to yellow fever.

"Of course some vaccines are more important in certainemergencies than in others," he said. "What we need is torationalise, quickly, in each emergency, which ones are needed."

MacDonald said that while there is a way to go to agreeprices and supplies, she is confident that starting with GSK'spneumococcal shot will show how the system can work for others.

"It's rare to have such disparate groups come together sosolidly to support the way forward," she told Reuters.

"It's going to take a lot of effort and education to makethis process work, but we're all agreed it's important - andfailure to deliver is not an option because lives depend upongetting this done right." (Reporting by Kate Kelland; Editing by Richard Balmforth)

More News
1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

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

Read more
1 Feb 2024 07:42

LONDON BRIEFING: Shell profit falls; announces USD3.5 billion buyback

(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision.

Read more
31 Jan 2024 17:05

LONDON MARKET CLOSE: Stocks mixed hours before expected US Fed hold

(Alliance News) - Stock prices in London closed mixed on Wednesday in a trade-thinned day ahead of the US Federal Reserve interest rate decision this evening.

Read more
31 Jan 2024 15:49

London close: Stocks mixed ahead of US Fed, BoE decisions

(Sharecast News) - London's financial markets finished with mixed performance on Wednesday, with investors closing their wallets ahead of rate announcements from both the US Federal Reserve and the Bank of England.

Read more
31 Jan 2024 12:05

LONDON MARKET MIDDAY: FTSE 100 flat ahead of Federal Reserve decision

(Alliance News) - The FTSE 100 in London was flat heading into Wednesday afternoon, as the US Federal Reserve's latest interest rate decision edges closer, keeping equity market enthusiasm to a minimum.

Read more
31 Jan 2024 09:13

TOP NEWS: GSK profit up on Arexvy boost in 2023 but total payout down

(Alliance News) - GSK PLC reported an increase in profit and revenue for 2023 as revenue for HIV medicine had stable growth, amid optimism in the company's outlook.

Read more
31 Jan 2024 08:55

LONDON MARKET OPEN: Stocks lack direction ahead of Fed, BoE

(Alliance News) - Stock prices in London lacked direction at the open on Wednesday, as investors nervously look ahead to interest rate decisions from the US Federal Reserve and Bank of England.

Read more
31 Jan 2024 07:46

LONDON BRIEFING: Stocks called up; GSK revenue and profit up

(Alliance News) - Stocks in London are called to open higher, as markets share of nerves around the next set of interest rate decisions.

Read more
29 Jan 2024 08:51

GSK seeks expanded use of RSV vaccine in EU, wins approval for Omjjara

(Alliance News) - GSK PLC on Monday celebrated regulatory progress for two of its products in the EU.

Read more
29 Jan 2024 07:43

LONDON BRIEFING: Superdry looks at saving costs; Ferrexpo loses case

(Alliance News) - Stocks in London are expected to start the week on a cautious note, as investors nervously look ahead to two key interest rate decisions.

Read more
29 Jan 2024 07:07

GSK gets EU approval to sell blood cancer treatment Omijara

(Sharecast News) - Biopharma giant GSK has been given the green light by European regulators to sell Omjjara, its treatment for patients with a rare type of blood cancer.

Read more
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.

Read more
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.

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.