2nd UPDATE: Govts Order More GlaxoSmithKline Swine Flu Drug
06 Oktober 2009 - 1:52PM
Dow Jones News
U.K.-based drugmaker GlaxoSmithKline PLC (GSK) Tuesday said
governments around the world have so far ordered 440 million doses
of its pandemic swine flu vaccine as they brace for a possible
resurgence of the illness.
"Discussions continue with governments for further supplies,"
the company added in a statement.
In August, Glaxo, the world's second-largest drugmaker, said it
had contracts in place to supply 291 million doses of the H1N1
vaccine. Twenty-two additional governments have ordered another 149
million doses, the company said.
First supplies of Glaxo's vaccine are scheduled to commence this
week. A company spokeswoman declined to provide details on the
delivery schedule but said shipments would be phased in to multiple
destinations simultaneously.
Glaxo and other big pharmaceutical companies have raced to
develop a vaccine against H1N1 swine flu ahead of a possible spread
of the virus in the northern hemisphere this autumn and winter.
Other drugmakers developing swine flu vaccines include
Sanofi-Aventis SA (SNY), Novartis AG (NVS), AstraZeneca PLC's (AZN)
MedImmune unit, Baxter International Inc. (BAX) and CSL Ltd
(CSL.AU).
GlaxoSmithKline has not released terms on its government
contracts for the vaccines. However, Chief Executive Andrew Witty
in July said Glaxo was charging wealthy nations EUR7 per H1N1
vaccine shot and developing countries less. The drugmaker is also
donating 50 million doses to the World Health Organization.
European regulators last month approved Glaxo's swine flu
vaccine, called Pandemrix, amid deep concern about the new winter
influenza season and an upturn in U.K. cases of swine flu.
The U.K. government's Health Protection Agency estimated there
were 14,000 new cases of swine flu in England during the last full
week of September, up from 9,000 the previous week, and 5,000 the
week before that, indicating rising infections among school age
children following the start of the academic year.
"It does suggest that during the summer months swine flu was
sleeping, not dead," said Charles Stanley analyst Jeremy
Batstone-Carr. "(GlaxoSmithKline's statement) is a pretty timely
announcement."
Batstone-Carr said GlaxoSmithKline had first mover advantage in
the swine flu vaccine field, but added that Tuesday's announcement
was unlikely to make a big difference to the company's share
price.
At 1102 GMT, Glaxo's shares were up 11 pence, or 0.9% at 1230
pence, in a stronger London market. The stock is largely unchanged
from year-ago levels.
Company Web site: www.gsk.co.uk; www.gsk.com/
-By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347;
jeffrey.sparshott@dowjones.com