Monday, October 29, 2012

GSK raises bet on AIDS drug with new Shionogi deal

GSK raises bet on AIDS drug with new Shionogi deal

Signage is pictured on the company headquarters of GlaxoSmithKline in west LondonLONDON/TOKYO (Reuters) - GlaxoSmithKline has raised its bet on a promising drug for HIV/AIDS by redrawing a deal with Japan's Shionogi, giving it a much bigger economic interest in the new product. Dolutegravir, a once-daily drug that has performed strongly in clinical trials, is seen by analysts as a potential multibillion-dollar-a-year seller and a strong competitor to treatments from market leader Gilead Sciences. ...



Source: news.yahoo.com

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