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GSK Gsk Plc

1,356.50
-7.00 (-0.51%)
24 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gsk Plc LSE:GSK London Ordinary Share GB00BN7SWP63 ORD 31 1/4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.00 -0.51% 1,356.50 1,356.00 1,356.50 1,370.00 1,353.00 1,365.00 5,013,886 16:29:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 30.33B 4.93B 1.1889 11.41 56.52B

GSK, Alector Partner to Develop Antibodies for Neurodegenerative Diseases

02/07/2021 1:22pm

Dow Jones News


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By Jaime Llinares Taboada

 

GlaxoSmithKline PLC said Friday that it has entered into a collaboration with Alector Inc. for the development and commercialization of two clinical stage monoclonal antibodies for neurodegenerative diseases.

The London-listed healthcare company said that Alector will receive $700 million in upfront payments and might receive an additional $1.5 billion in clinical development, regulatory and commercial launch-related milestone payments.

GSK said enrolment is currently underway for a Phase 3 trial for the AL001 antibodies, while AL101 is in Phase 1a clinical trial.

Both companies have agreed to co-commercialize and share profits in the U.S. GSK will retain exclusive commercialization rights outside the U.S.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

July 02, 2021 08:08 ET (12:08 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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