Vaccines have been one of the financial bright spots for GlaxoSmithKline and Bexsero, which it picked up in its asset swap with Novartis, has had stellar sales. To boost both, GSK is building a $175 million plant in Germany so it can expand production of the meningococcal B shot.
The antigen production plant is being built in Marsburg, one of the sites GSK acquired when it traded some of its cancer operations to Novartis in exchange for most of the Swiss company’s vaccine operations. The company expects to start validation runs in the third quarter of 2020.
“With the construction of the meningococcal B plant, we are pleased to be moving production for three of the four active components of the meningococcal B vaccine to Marburg soon,” Jochen Reutter, manager of the 780,000 square-foot site, said in a statement.
To make room for the Bexsero expansion, GSK is transferring production of its diphtheria toxoid and tetanus toxoid from Marburg to its vaccine operation in Gödöllő, Hungary. It is adding a $61.5 million facility there to accommodate that work.
There were skeptics when GSK CEO Andrew Witty decided to trade off some older cancer drugs and concentrate on lower margin areas like vaccines and consumer products, but GSK has had success building on vaccines. The U.K. drugmaker recently reported that vax sales were up 14% in 2016 to about $5.73 billion, significantly outpacing growth in much larger pharma and consumer operations.
Bexsero has done particularly well, more than doubling sales in one year to about $486 million for 2016. In fact, GSK got caught off guard by its success last year, running into shortages for awhile.
A month after it got the vaccines from Novartis, it was able to end a yearlong pricing standoff Novartis had with the United Kingdom’s National Health Service to get it added to the country’s national immunization schedule for about 800,000 babies. But when parents of thousands of children missed the NHS program and showed up at private clinics to get their children vaccinated, shortages developed. GSK responded to the “unexpected global demand” and within a couple of months had boosted production of the shot.
By Eric Palmer
Source: Fierce Pharma
Giovanni Caforio, the former CEO of Bristol Myers Squibb, is set to become the next board chairman of Novartis, which on Tuesday proposed the pharmaceutical industry veteran as its pick to replace Joerg Reinhardt in the role next year. Reinhardt has served as Novartis’ chair since 2013 and plans to retire when his 12-year term ends in 2025.
GE HealthCare has raised the curtain on two ultrasound systems equipped with artificial intelligence programs designed to assist in diagnosing conditions in women’s health, including obstetric exams. The Voluson Signature 20 and 18 imaging systems include AI tools capable of automatically identifying and annotating measurements of fetal anatomy.
Scientists from the University of Edinburgh’s School of Chemistry have revealed a new sustainable method of manufacturing complex molecules that could reduce waste produced during drug production. The method published in Nature Chemistry could help to prevent severe side effects caused by drugs that can exist as enantiomers.
