GlaxoSmithKline and SK bioscience start late-stage trial for COVID-19 vaccine candidate

  • GlaxoSmithKline (NYSE:GSK) and SK bioscience announced the initiation of a global Phase 3 trial for GBP510, SK's COVID-19 vaccine candidate that uses the pandemic adjuvant from GSK.
  • The randomized, active-controlled trial, expected to enroll about 4,000 trial participants, will be designed to evaluate GBP510 compared to the COVID-19 vaccine developed by AstraZeneca (NASDAQ:AZN) and Oxford University.
  • The results from the study are anticipated in H1 2022, and subject to regulatory approval with positive data, GBP510 will be available globally through the COVAX facility.
  • The clinical advancement of GBP510 is based on positive interim Phase 1/2 results where the self-assembled nanoparticle vaccine candidate led to strong antibody responses with a 100% seroconversion rate in all subjects.
  • In addition to its partnership with SK bioscience, GlaxoSmithKline (GSK) has teamed up with Sanofi (NASDAQ:SNY) for a large late-stage trial for an adjuvanted recombinant-protein COVID-19 vaccine candidate.

    Over the current book year the total revenue will be 33.28 billion GBp (consensus estimates). This is slightly lower than 2021's revenue of 34.1 billion GBp.

    Historical revenues and results GlaxoSmithKline plus estimates 2021

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    The analysts expect for 2021 a net profit of 5.07 billion GBp. For this year the consensus of the result per share is a profit of 101 GBp. The PE-ratio therefore is 14.62.

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    Per share the analysts anticipate on a dividend of 79 GBp per share. The dividend yield is then 5.35 percent. The average dividend yield of the pharmaceutical companies equals a limited 1.37 percent.

    Recent target prices around 1637 GBp

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    GlaxoSmithKline 's market value equals around 7311.96 billion . 6

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