GSK wins US approval for shingles vaccine
LONDON – Reuters
GlaxoSmithKline has won U.S. approval for a new and improved shingles vaccine, the second of three key products for which the British drug maker expects approval this year.
It also secured a recommendation from U.K. cost authorities for a $700,000 gene therapy for so-called “bubble boy” disease - a step forward for the field of fixing faulty genes but a tiny sales opportunity. Only three patients have received the gene therapy commercially since its May 2016 approval in Europe.
The green light for GSK’s shingles shot Shingrix, which has proved significantly better than Merck Co’s Zostavax in clinical trials, is an important vindication of GSK’s product pipeline. The news was announced late on Oct 20.
GSK’s vaccine is considered one of the more pivotal products in its pipeline, with annual sales forecast to reach 1.03 billion pounds ($1.36 billion) by 2023, Thomson Reuters data shows.
“Although largely expected, today’s approval is an important one for GSK -- a new product with a clear best-in-class profile,” Berenberg analysts said on Monday. “We expect approval in Europe late this year.”
The U.S. Food and Drug Administration (FDA) approval comes a month after it cleared GSK’s three-in-one inhaler for chronic lung disease.
The third new product GSK expects to launch in the world’s biggest drugs market is a dual-drug regimen for HIV, on which the U.S. regulator is scheduled to give a verdict by Dec. 1.
Chief Executive Emma Walmsley, who will present third-quarter financial results on Oct. 25, sees the three products as “critical” for GSK’s efforts to fill the revenue gap left by falling sales of the ageing lung drug Advair.