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Pin to quick picksGlaxosmithkline Share News (GSK)

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Share Price: 1,812.50
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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)

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22 Jan 2024 09:34

IN BRIEF: Oxford Nanopore appoints Keher to CFO as Cowper becomes COO

Oxford Nanopore Technologies - Oxford, England-based company specialising in nanopore DNA-sequencing - Appoints Nick Keher as chief financial officer and director, effective immediately. Keher will replace Tim Cowper as he moves into a new role as Oxford Nanopore's chief operating officer. The company says that Cowper has been performing the majority of COO duties for the past five years, and that he will lead the company's efforts to expand its international footprint. The company also says that new CFO Keher possesses "significant experience of financial leadership of complex, scientific businesses", having served in similar roles at Clinigen Group PLC, BenevolentAI SA, Royal Bank of Canada, Investec PLC and GSK PLC.

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17 Jan 2024 09:38

UPDATE: GSK raises GBP978 million as cuts stake in Haleon to 4.2%

(Alliance News) - GSK PLC early Wednesday confirmed it agreed to sell 300 million shares in Haleon PLC, reducing its remaining stake in the consumer healthcare products spin-off to just 4.2%.

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17 Jan 2024 08:05

GSK raises £978m through Haleon share sale

(Sharecast News) - GSK said on Wednesday that it has raised around £978m from the sale of shares in Haleon.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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17 Jan 2024 07:31

GSK raises $1.24 bln from latest Haleon stake sale

Jan 17 (Reuters) - GSK has raised 978 million pounds ($1.24 billion) from a discounted sale of a stake in its spun-off consumer healthcare business Haleon, the British drugmaker said on Wednesday.

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16 Jan 2024 17:04

GSK to sell GBP1 billion worth of Haleon shares as trims stake again

(Alliance News) - GSK PLC on Tuesday said it intends to sell around GBP1.00 billion worth of shares in Haleon PLC, as it continues to reduce its shareholding in the Weybridge, Surrey-based consumer healthcare spin-off.

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

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16 Jan 2024 08:15

UBS downgrades AstraZeneca to 'sell'

(Sharecast News) - UBS has downgraded AstraZeneca and upgraded rival GSK as part of its latest review of the European pharmaceutical sector.

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16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

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15 Jan 2024 08:42

Zantac fallout unfairly weighing on GSK, says Shore Capital

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10 Jan 2024 09:35

LONDON BROKER RATINGS: BofA cuts Ashtead; UBS likes 3i Group

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

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10 Jan 2024 08:25

GSK says Nucala gets green light in China for asthma treatment

(Alliance News) - GSK PLC on Wednesday said Nucala has been approved in China for the treatment of severe asthma.

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10 Jan 2024 07:22

GSK's Nucala gets fresh approval in China

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London close: Stocks finish red after choppy session

(Sharecast News) - London stocks had turned back into the red by the close on Tuesday, with recruitment firms and asset managers pacing the declines after some disappointing corporate updates.

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