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Home Companies Company News

BIG DEAL: GSK Seeks Approval For Worlds First Malaria Vaccine

Nairametrics by Nairametrics
July 24, 2014
in Company News
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GlaxoSmithKline said on Thursday it is applying for regulatory approval for the world’s first vaccine against malaria, designed for children in Africa.

The British drugmaker said the shot, called RTS,S, is intended exclusively for use outside the European Union but will be evaluated by the European Medicines Agency (EMA) in collaboration with the World Health Organisation (WHO).

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Malaria, a mosquito-borne parasitic disease, kills more than 600,000 people a year, mainly babies in the poorest parts of sub-Saharan Africa.

Experts have long hoped that scientists would be able to develop an effective vaccine against the disease, and scientists at GSK have been working on this one for 30 years.

If this is approved, expect a huge impact on their share price.

 

Read more here

Tags: GSK Plc
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Comments 1

  1. Dan says:
    July 27, 2014 at 12:32 pm

    Hi Ugo,
    This is a very welcomed development. Mosquitoes have had a field day for God knows how long. I had a look at the link you posted and noticed a caveat for investors that hope to capitalize on this https://af.reuters.com/article/nigeriaNews/idAFL6N0PZ3L220140724?pageNumber=2&virtualBrandChannel=0

    Basically, the news report states that … “If approved, the vaccine is unlikely to be anything other than neutral for GSK’s bottom line. The firm has promised it will be priced at cost of manufacture plus a 5 percent margin, and the margin would be reinvested in research on malaria and other neglected tropical diseases”.

    Reply

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