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U.S. secures GSK-Vir COVID-19 antibody drug doses worth $1 billion -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: A common view exterior the Glaxo Smith Kline pharmaceutical firm headquarters in West London following the outbreak of the coronavirus illness (COVID-19), London, Britain, Could 5, 2020. REUTERS/Toby Melville

(Reuters) -The US has signed contracts price roughly $1 billion to safe the antibody-based COVID-19 therapy sotrovimab from GSK and Vir Biotechnology (NASDAQ:), the drugmakers mentioned on Wednesday, with provide anticipated by Dec. 17.

Britain’s GSK mentioned the deal introduced the overall variety of doses secured of the therapy, branded Xevudy, to greater than 750,000 globally, including that the US would have an possibility to purchase further doses by way of March 2022.

The businesses didn’t specify what number of doses the U.S. authorities had signed up for.

The U.S. Meals and Drug Administration in Could gave an emergency use authorization https://www.reuters.com/enterprise/healthcare-pharmaceuticals/us-fda-gives-emergency-use-approval-gsk-vir-covid-19-antibody-drug-2021-05-26 to the GSK-Vir therapy for treating mild-to-moderate COVID-19 in individuals aged 12 years and older, who’re on the danger of their sickness worsening.

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