GSK plans to create giant UK biotech cluster
The site is already the UK’s largest cell and gene therapy cluster
Company
LON:GSK
GSK PLC will be a fully focused biopharma company following the demerger of its world-leading consumer healthcare business, Haleon, in July 2022. The company will prioritise innovation in vaccines and specialty medicines, maximising the increasing opportunities to prevent and treat disease.
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The site is already the UK’s largest cell and gene therapy cluster
Morgan Stanley has provided little encouragement to the drug giant in its latest note
A deal struck with Alector will see the US-based company receive US$700mln in upfront payments and up to US$1.5bn in milestones
The request comes amid debates around the competence of chief executive Emma Walmsley
Chief executive Emma Walmsley presented her new strategy on Wednesday in what was seen as a 'make it or break it' event for her career
Deutsche Bank upgraded its stock recommendation after the capital markets day
The new strategy seemed to please investors, who are set to ask more questions on Wednesday afternoon's event
Proactive's live blog of GSK's media call with Emma Walmsley
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The pharma giant will kick off its eagerly anticipated investor day at the mid-point of the week
The chief executive may be heading for an uncomfortable Capital Markets Day with activist investor Elliott leading the questioning
The implied negative pipeline value is unwarranted as there are “gold star assets” with potential to fill the £3bn sales hole left by the upcoming dolutegravir patent expiry
The announcement came ahead of the group's capital markets day next week
The group has also announced the start of late-stage trials for the COVID-19 vaccine developed with Sanofi
The plant-based jab has been tested in combination with GSK's pandemic adjuvant
Approval may come a year later after their competitors, but the pair reckon there is a need for their candidate
The pair are targeting approval by the end of the year
Chief executive Emma Walmsley expressed firm commitment to her plans after the spinoff on Wednesday, which may leave Elliott Management little leeway with its agenda
Restrictions have hindered several of its programmes, but some issues may not resolve with the end of the pandemic
The pharma giant will release more updates on the Consumer Healthcare spinoff and a new dividend policy in June
The investment firm focuses on providing consultancy services to universities and other research organisations to help them commercialise any intellectual property arising from their research