GSK shares slump as vaccine sales fall Healthcare GSK shares have fallen the steepest since April, after the British pharmaceuticals giant reported a sharp drop in vaccine sales. The FTSE 100 medicines titan slumped up to five per cent in early trading on Wednesday, as investors looked past the group’s higher-than-expected revenue. The London-based group posted a £8.9bn turnover in the third quarter, [...]
GSK shares slip after buying US cancer treatment firm Nuvalent for $10.6bn Pharma Pharma giant GSK has sealed a $10bn deal to snap up Boston-based biopharmaceutical company Nuvalent. The FTSE 100 titan said it will pay $124 per share in cash in the agreement, marking a 40 per cent premium over what Nuvalent’s stock was trading at just before this announcement. The deal is expected to officially close [...]
Government scrambles to swerve Trump pharma tariffs Politics A race against time is underway to shield the UK pharmaceutical sector from potentially swinging Trump tariffs on imported drugs. As it stands, there is an exemption for pharmaceuticals on the baseline 10 per cent tariffs for goods coming into the US. However, President Trump has warned that there will be tariffs on imported pharma [...]
Would you volunteer to get yourself infected with flu in Canary Wharf? December 3, 2024 For £3,000 you can opt to spend a week helping to create the next generations of vaccines at the world’s largest human challenge trial and quarantine facility – a minute’s walk from Canary Wharf, says Phoebe Arslanagić-Little In October I wrote in City AM about human challenge trials – a medical research study that sees [...]