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Stock impact report

GSK, Sanofi to team up on COVID-19 vaccine [MarketWatch]

GlaxoSmithKline PLC (GSK) 
US:NYSE Investor Relations: gsk.com/en-gb/investors
Company Research Source: MarketWatch
GlaxoSmithKline and Sanofi announced plans to jointly develop a COVID-19 vaccine candidate. In premarket trading on Tuesday, shares of GSK gained 2.3%, while Sanofi's stock was up 3.6%. Both drugmakers have disclosed a number of other initiatives as part of the COVID-19 pandemic. GSK's adjuvant technology, which is designed to strengthen the response of a vaccine and limit the amount of vaccine needed per dose, is also being used by Vir Biotechnology Inc. and Clover Biopharmaceuticals Inc., while Sanofi is working with the Biomedical Advanced Research and Development Authority to develop a vaccine candidate, is testing Kevzara, its rheumatoid arthritis drug with Regeneron Pharmaceuticals Inc. as a treatment for the COVID-19 patients, and has donated 100 million does of hydroxychloroquine, an unproven therapy that is being tested on patients as a possible treatment for people who have been sickened by the novel coronavirus. As part of this agreement, Sanofi's S-protein COVID-19 antigen Show less Read more
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