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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
  -22.80 -1.7% 1,318.80 1,318.60 1,319.00 1,327.60 1,310.40 1,325.80 1,201,041 09:05:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 34,114.0 5,442.0 87.6 15.1 53,640

GSK to Buy Affinivax for Up to $3.3 Billion

31/05/2022 7:43am

Dow Jones News


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By Kyle Morris

 

GSK PLC said Tuesday that it has agreed to buy clinical-stage biopharmaceutical company Affinivax, Inc. for up to $3.3 billion.

The healthcare company said that it will pay $2.1 billion upfront and up to $1.2 billion in potential development milestones and that the deal is expected to close in the third quarter.

The transaction will provide access to next-generation pneumococcal vaccine candidates and support the development of its vaccines and specialty medicines, GSK said.

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

May 31, 2022 02:28 ET (06:28 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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