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Pin to quick picksGlaxosmithkline Share News (GSK)

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Share Price: 1,510.50
Bid: 1,511.00
Ask: 1,511.50
Change: 7.00 (0.47%)
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TOP NEWS: GSK, partner Vir chase US emergency use for virus antibody

Thu, 11th Mar 2021 05:59

(Alliance News) - GlaxoSmithKline PLC and partner Vir Biotechnology Inc on Thursday said they will seek emergency approval for a Covid-19 antibody therapy.

The duo's probe on VIR-7831 found the monoclonal antibody reduces hospitalisation and deaths by 85% compared to patients taking a placebo. This was based on analysis of 583 patients in the phase 3 COMET-ICE trial.

They now plan to "immediately" seek emergency use authorisation in the US as well approvals elsewhere.

In addition, GSK noted a separate trial found that VIR-7831 is still effective against other variants of the virus.

The west London based pharmaceutical firm said: "The companies also announced today the results of a new study submitted and pending online publication in bioRxiv, demonstrating that VIR-7831 maintains activity against current circulating variants of concern including the UK, South African and Brazilian variants, based on in vitro data from pseudotyped virus assays. In contrast to other monoclonal antibodies, VIR-7831 binds to a highly conserved epitope of the spike protein, which may make it more difficult for resistance to develop."

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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GSK sues Pfizer in US for patent infringement over RSV vaccine

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31 Jul 2023 19:42

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DIRECTOR DEALINGS: Qinetiq, Tesco and GSK executives sell shares

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GSK's ViiV gets Europe nod for HIV prophylaxis

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Bavarian Nordic ends RSV vaccine programme after poor trial results

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LONDON BROKER RATINGS: HSBC says 'buy' AstraZeneca but 'reduce' GSK

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(Alliance News) - Stocks in London are expected to slip into the red at Friday's open, in a tepid conclusion to what has been a largely positive week for global equities, as the market prices in a lower peak for US interest rates.

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