Weather Tonight: 8°c Light showers Morning: 13°c Light showers

Business

HEADLINES:
GlaxoSmithKline

GlaxoSmithKline’s double boost on cancer treatments

Lucy Tobin
09.07.09

Pharma giant GlaxoSmithKline had a double injection of health today, when the World Health Organisation approved its cervical cancer vaccine Cervarix and the British medical watchdog said it would reconsider its block on breast cancer treatment Tyverb's use in the National Health Service.

The WHO's decision gives the UK's biggest pharma firm the green light to sell Cervarix to UN agencies for use in developing countries, where 80% of the 280,000 annual deaths from cervical cancer occur every year. The verdict could also boost GSK's application for Cervarix's approval in the US.

Meanwhile, the National Institute for Health and Clinical Excellence agreed to rethink its ruling that breast cancer drug Tyverb is too expensive. In March, the board said it could not justify the cost of Glaxo's once-daily cancer pill, which is used in combination with Roche's medicine Xeloda at around £25,000 per patient per year.

But in an appeal, Glaxo agreed to pay for the first 12 weeks of Tyverb treatment to reduce the NHS's final bill, and Nice has agreed to reconsider the drug's distribution on the NHS.

Reader views (0)

 Add your view

No comments have so far been submitted.


Add your comment

 

Your email address will not be published

Terms and conditions make text area bigger You have  characters left.


 
Market Roundup
FRIDAY UPDATE

Morgan Stanley casts cloud over Thomas Cook and Tui

Shares of the UK’s two biggest package holiday operators were among the heaviest blue-chip fallers today after one broker decided that their outlook was far from sunny

More



City Spy, cityspy@standard.co.uk

Mayday! Who will leave BA board?

“The board of British Airways, with fees of £50,000 a year for a part-time director attending seven meetings and all those unlimited first class flights for them and the family, has been one of the most eye-catching City gravy trains. But that train is about to get a lot shorter

More

CitiDirect.co.uk - Directory Enquiry Service for UK Businesses

CitiDirect.co.uk - Directory Enquiry Service for UK Businesses
Service Area or postcode