GlaxoSmithKline and Sanofi report strong results in trials of Covid vaccine

News will offer some some relief for GSK chief Emma Walmsley, who has been under pressure from investor

GlaxoSmithKline is in the running to bring a new Covid-19 vaccine on to the market by the year end, thanks to positive results from early trials that will allow the formula to enter into late-stage studies within weeks.

The news will offer some relief for GSK as it plays catchup with rivals, and to its chief executive, Emma Walmsley, who has come under pressure since activist investor Elliott Management took a sizeable stake in the company in April.

Continue reading…