US FDA GRANTS EUA TO GSK'S DRUG THAT TREATS MILD COVID-19 IN PEOPLE ABOVE 12

Highlights

• The GSK said this drug called VIR-7831 or Sotrovimab was cleared by the U.S. Food and Drug Administration for people ageing over 12 

According to the statement issued by drugmaker GSK, the US FDA has granted Emergency Use Authorisation to a drug called S...

CHINA’S CLOVER BIOPHARMA VACCINE PARTNERSHIP WITH GSK COMES TO AN END

• China's Clover Biopharmaceuticals said on Monday it has ended its joint venture with GlaxoSmithKline Plc. GSK.L to develop a COVID-19 vaccine using the British drug maker's adjuvant, even as early-stage trials showed good results.
• The decision marks a further upset to G...

GSK BUYS STAKE IN GERMAN CORONAVIRUS VACCINE MAKER

HIGHLIGHTS

• GlaxoSmithKline has bought 10% stake worth £ 130 million in CureVac.
• Stake of 10% is part of deal between two companies that could eventually be worth more than £ 800 million.

The British pharmaceutical company...

GLAXOSMITHKLINE DECIDES TO DISCONTINUE ZINETAC TABLETS IN INDIA

Highlights

• According to the regulatory authorities traces of cancer-causing N-Nitrosodimethylamine (NDMA) were found in Zinetac

• GSK is conducting investigations into the potential source of the MDMA

• Zinetac was prescribed on large scale in India ...

GSK PLANS $250 MILLION EQUITY INVESTMENT IN VIR BIOTECHNOLOGY

Highlights

• GSK and Vir Biotechnology will focus on making drugs and vaccines against COVID-19

• Vir Biotechnology will continue it’s partnership with other companies

• Shares of Vir Biotechnology rose by 30 percent on the Nasdaq

Pharm...

Ahead of the quarter revenue results

The Hindustan Unilever (HUL) stock closed nearly 2 percent higher on Friday ahead of the company declaring its September quarter results on Monday. The stock hit a record high last month — following the government’s move to cut corporate tax.

Amidst fears of an economic slow...

Prescribed Zantac heartburn medicine recalled in the UK

UK doctors have been issued to stop prescriptions to four types of heartburn medications called Zanatac and ranitidine as a “precautionary measure”. 
The move is followed by concerns raised by several countries that such products contain impurity linked to cancer. The four...