GlaxoSmithKline to offload entire holding in Hindustan Unilever
The pharma giant acquired the stake in December 2018 as part of a transaction with Unilever
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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 pharma giant acquired the stake in December 2018 as part of a transaction with Unilever
Until now, only 20% of women with ovarian cancer were eligible to be treated with a drug of the same kind
"Responding to the Covid-19 pandemic is at the heart of our purpose as a company," said chief executive Emma Walmsley
The candidate would enter clinical trials in the second half of 2020 and be available by the end of 2021
Vir's has two candidates that have proved highly potent in neutralising SARS-CoV-2 in live virus-cellular assays
Full-year results showed turnover up 10% to £33.8bn and adjusted earnings per share up 4% to 123.9p, following a disappointing fourth quarter
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Britain's blue chips closed up over 42 points at 7,482. The midcap FTSE 250 added around 94 at 21,534
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Aside from Glaxo, first-half results will be eyed from housebuilders Barratt Developments and Redrow, with Vodafone to issue an update
FTSE 100 closed Monday ahead by around 40 points, or 0.55% at 7,326. Mid-cap cousin FTSE 250 gained over 63 at 21,207
Three housebuilders are also due to report on their numbers in the coming week: Barratt Developments, Bellway and Redrow
The ‘buy’ recommendation was maintained while the target price was lifted to 1,950p from 1,900p
Glaxo's specialist HIV drugs division, in which Pfizer and Shionogi have stakes, has been developing the once-a-month injection as an alternative to daily treatments
An injectable drug that launches in the US this year also might generate revenues of almost £700mln by 2023.
The drugmaker now expects adjusted EPS for 2019 to be “around flat” year-on-year, an upgrade from a decline of between 3% and 5%
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The UK's premier share index finished ahead by 24.52 points at 7,330, having been lower earlier
The company said it decided to sell these brands to focus on other segments within its fast-growing vaccines business
The UK Medicines and Healthcare products Regulatory Agency (MHRA) said that all unexpired stock was going to be removed from pharmacies
GSK bosses will use the results from this latest DREAMM-2 trial as the basis for the regulatory filings
Glaxo already knew that its once-monthly jab worked, and it has now shown in clinical trials that the same injection but taken every two months is just as effective
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A glance at some of the day's highlights from the Proactive Investors newswire