Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 1,496.00
Bid: 1,495.00
Ask: 1,496.00
Change: -103.50 (-6.47%)
Spread: 1.00 (0.067%)
Open: 1,503.50
High: 1,510.00
Low: 1,484.00
Prev. Close: 1,599.50
GSK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-Glaxo heart drug that failed trial shows potential benefit

Sun, 30th Mar 2014 20:59

(Adds independent doctor comment)

By Bill Berkrot and Ransdell Pierson

WASHINGTON, March 30 (Reuters) - A new type of heart drugbeing developed by GlaxoSmithKline, which failed themain goal of a Phase III study of patients with chronic butwell-treated heart disease, showed signs of potential benefit,the trial's co-leader said.

The results presented at the American College of Cardiology(ACC) scientific meeting in Washington on Sunday provided aglimmer of hope that the medicine, darapladib, may have value.

"I'm convinced there is a signal here of efficacy and thedrug is safe," said Dr. Harvey White, co-chair of the large,Glaxo-sponsored international study, who presented the findings.

The real test of darapladib is likely to come from a second,late-stage study in far less stable patients who received themedicine within 30 days of a heart attack.

A positive result in that study could put the drug back ontrack, after it was largely discounted by analysts and investorsfollowing the first Phase III failure.

The stakes are high for the British drugmaker as gainingfull control of darapladib was one of the reasons behind its$3.6 billion acquisition of Human Genome Sciences in 2012.

Human Genome had rejected an earlier $2.6 billion offer,claiming that Glaxo was underestimating the blockbuster salespotential of darapladib.

Glaxo had previously said darapladib did no better than aplacebo in decreasing the risk of a combination ofcardiovascular death, heart attack and stroke in the trialcalled Stability. The trial involved 15,828 patients followedfor a median of 3.7 years.

For those taking the Glaxo pill, 9.7 percent had one of themajor adverse events compared with 10.4 percent for the placebo,which was not a statistically significant difference.

"The question is whether or not a population of patients athigher risk may yield different results," said Dr. PatrickO'Gara, the incoming ACC president from Brigham & Women'sHospital in Boston who was not involved in the study.

"I don't think that we as a community are ready to throw itaway. Further investigation would be appropriate," added O'Gara,who called the Stability trial spectacularly well done. "We'rehopeful that something like this may be a breakthrough."

A lack of any impact on stroke prevention appears to havecontributed to the failure of the study, researchers surmised.

In addition, the effect of the Glaxo drug may have beenmuted by the high level of care the patients were receiving.

Almost all were taking statins and aspirin and nearly 80percent were on blood pressure drugs - all known to decrease therisk of heart attacks, strokes and death.

"We're setting a very high bar and we may have affected ourability to (determine) a treatment effect," said White, directorof the coronary care unit at Auckland City Hospital in NewZealand.

SECONDARY GOALS IMPORTANT

The drug's impact on the secondary goals of the study wasdeemed "nominally significant" by researchers, meaning they sawthe potential of a clinically meaningful effect despite fallingshort of statistical significance.

One of the secondary goals looked at the effect on acombination of death from heart disease, heart attacks, or needfor an urgent artery clearing procedure.

Another secondary goal combined deaths from heart disease, heart attacks, hospitalizations for unstable angina or need for any artery clearing procedure.

"These are all things that are very important for patients,"White explained.

When isolated from the composite goals, darapladib didnumerically better at delaying heart attacks. There were 361heart attacks in the drug group and 405 in the placebo group,although the difference missed statistical significance. Therewere also fewer deaths among darapladib patients.

The stroke numbers by comparison were nearly identical - 154versus 152 for placebo.

Darapladib blocks an enzyme known as Lp-PLA2, high levels ofwhich are considered a risk factor for heart disease.

It is believed the drug changes the composition of plaque onartery walls, making it less likely to rupture and cause clogsand serious heart problems.

One sub group of darapladib patients that fared better thanthe overall population was smokers, who had a greater decreasein major adverse events than non-smokers. Previous studies haveshown that smokers have higher Lp-PLA2 levels, so may be moreresponsive to Lp-PLA2 inhibition.

The most common side effects with darapladib were diarrhea,and unpleasant odor in feces, urine and skin.

There was a higher rate of kidney failure reported inpatients who took the Glaxo drug, but White said mostresearchers did not believe that was related to darapladib.

White said he was disappointed the drug failed to meet themain goal of the study. "But there is a message here thatsomething is going on. I wouldn't for one moment think thatthere's nothing going on here and it should be abandoned," hesaid.

Glaxo is pinning its hopes on the study in sicker patientsthat should have results available in two or three months.

"If in the second study you see effects on thecardiovascular end points, this is still a potentially usefuldrug for patients with heart disease," Murray Stewart, Glaxo'shead of Metabolic Pathways Cardiovascular Therapy Area, said ina telephone interview.

"The main thing will be the next study." (Reporting by Bill Berkrot; Editing by Sophie Hares andMeredith Mazzilli)

More News
26 Jun 2024 22:50

US CDC narrows age recommendation for RSV shots in US

June 26 (Reuters) - The U.S. CDC on Wednesday narrowed its recommendation for use of respiratory syncytial virus vaccines in older adults this year and held off on recommending their use for adults under age 60.

Read more
26 Jun 2024 11:00

US advisers to consider RSV shots as GSK looks to keep market lead

June 26 (Reuters) - A committee of outside experts to the U.S. CDC are set to vote on whether to expand the age group of adults who should receive respiratory syncytial virus (RSV) vaccines this year, as GSK battles rival Pfizer and new entrant Moderna to keep its top position in the market.

Read more
25 Jun 2024 08:25

Merck KGaA shares plunge after cancer drug hopeful fails

FRANKFURT, June 25 (Reuters) - Shares in Germany's Merck KGaA slumped 8.9% at the open on Tuesday after the diversified group late on Monday said a trial testing a head and neck cancer drug, previously seen as promising, would be stopped for lack of efficacy.

Read more
24 Jun 2024 08:55

TOP NEWS: GSK hails Omjjara approval in Japan; Jemperli review in EU

(Alliance News) - GSK PLC on Monday said it has landed an approval in Japan and also highlighted regulatory progress in the EU.

Read more
24 Jun 2024 07:43

LONDON BRIEFING: Prudential announces buyback; Frasers and THG in deal

(Alliance News) - London's FTSE 100 is called to open lower at the start of the week, with share price falls for major US tech shares, Nvidia included, spooking investors on this side of the Atlantic.

Read more
24 Jun 2024 07:21

GSK reports regulatory progress for Omjjara, Jemperli

(Sharecast News) - GSK announced on Monday that it has received approval from Japan's Ministry of Health, Labour and Welfare (MHLW) for 'Omjjara', or momelotinib, as a treatment for myelofibrosis.

Read more
20 Jun 2024 16:01

Industry groups back drugmakers' appeal in Zantac cancer lawsuits

June 20 (Reuters) - A bid by GSK and other drugmakers to stop more than 70,000 lawsuits in Delaware over discontinued heartburn drug Zantac has received the backing of leading U.S. industry groups, including the United States Chamber of Commerce and Pharmaceutical Research and Manufacturers of America.

Read more
11 Jun 2024 14:31

Zantac litigation fears overdone at GSK, says Shore Capital

(Sharecast News) - Volatile moves in GSK's share price are likely to persist in the near term as a result of ongoing Zantac-related litigation, but the long-term investment case is "still appealing", according to Shore Capital, which kept a 'buy' rating on the stock.

Read more
11 Jun 2024 09:32

TOP NEWS: GSK takes first steps to appeal Zantac ruling in Delaware

(Alliance News) - GSK PLC on Tuesday said it has taken the first steps to seek appeal of a ruling by the Delaware Superior Court in regard to its discontinued heartburn drug Zantac.

Read more
11 Jun 2024 09:12

LONDON MARKET OPEN: FTSE 100 up; UK unemployment rises to 4.4%

(Alliance News) - Stock prices in London opened higher on Tuesday, after a difficult day for markets on Monday amid the EU election fallout.

Read more
11 Jun 2024 07:52

LONDON BRIEFING: FTSE 100 called up despite unemployment rise

(Alliance News) - The FTSE 100 in London was called to open higher on Tuesday, after data showed that unemployment in the UK unexpectedly rose.

Read more
11 Jun 2024 07:22

GSK launches appeal to recent Zantac ruling

(Sharecast News) - GSK has started the process of appealing a recent decision by the Delaware Superior Court regarding the ongoing Zantac, or ranitidine, litigation, it announced on Tuesday.

Read more
11 Jun 2024 00:32

GSK asks to appeal Delaware ruling allowing Zantac cases to go forward

June 10 (Reuters) -

Read more
10 Jun 2024 22:49

Latest trial over Zantac cancer claims called off as plaintiff drops case

June 10 (Reuters) - A woman who claimed in a lawsuit that GSK's discontinued heartburn drug Zantac caused her breast cancer dropped her case shortly before it was set to go to trial in Illinois state court on Monday, the company announced.

Read more
10 Jun 2024 19:00

TOP NEWS: GSK welcomes dismissal of Zantac case in Illinois

(Alliance News) - GSK PLC on Monday welcomed the dismissal of a case in the US concerning the heartburn drug, Zantac, which was due to start 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.