there seems to be some heavy resistance around these level with a lot of potential upside.

Glaxosmithkline is in line to receive a 1.3bn sales injection from the global swine flu pandemic as concerns about the virus rise.
http://www.telegraph.co.uk/finance/newsbysector/pharmaceuticalsandchemicals/5858430/GSK-in-line-for-1.3bn-swine-flu-booster.html

Falcothou,

My only thought is that due to Glaxo's sp going nowhere over the last few years, it has effected how punters look at the company, IE confidence is lacking on the SP's reliability to hold it's value.
I feel that due to their future prospects with the new direction and dividend they are a good couple of below value.

Kimoldfield,

Read the Telegraph article, and it does look very promising, especially the mention of probable Relenza sales as well as the prospects for their vaccine.

Greek.

Oh well - at least its a step in the right direction!

GlaxoSmithKline Expects Further Swine Flue Vaccine Orders





LONDON -(Dow Jones)- GlaxoSmithKline PLC (GSK.LN) Wednesday said it will start shipping a new vaccine for H1N1 pandemic flu, dubbed swine flu, by September, and expects further significant orders.

GlaxoSmithKline said Wednesday it has orders for 195 million doses of the vaccine from governments, and is in talks with another 50.

Chief Executive Andrew Witty told reporters Wednesday the drug maker believes it will be able to make enough of the vaccine, and its existing antiviral Relenza, to satisfy current levels of demand.

"I expect further significant orders," said Witty.

Company Web site: www.gsk.com

But will the vaccine produced by GSK work as the H1N1 virus must be mutating!
For months now the graphics of the bug, shown on our TV screens have always been blue, but for a few days now they consistently change to red.
Presumably the WHO have noticed, although I could never understand what a 1964
pop group has to do with Swine flu.

Now who said, Tamiflu doesn't have side effects. Next time I will try Relenza.

I wonder which of these Sarkozy is on re. fainting. I favour the latter
Medications that can cause low blood pressure
Some medications you may take can also cause low blood pressure, including:

Diuretics (water pills)
Alpha blockers
Beta blockers
Drugs for Parkinson's disease
Certain types of antidepressants (tricyclic antidepressants)
Sildenafil (Viagra), particularly in combination with another heart medication, nitroglycerine

No wonder the public feel mislead.

Government virus expert paid 116k by Tamiflu vaccine makers
By David Derbyshire
Last updated at 1:24 AM on 27th July 2009

Sir Roy, 61, who was unavailable for comment yesterday, earned 116,000 at GSK last year, at least a quarter of which he received in shares.

http://www.dailymail.co.uk/news/article-1202389/Government-virus-expert-paid-116k-Tamiflu-vaccine-makers.html

Well done...The Daily Mail

Greek, nothing surprises me anymore! The Government would have been aware of this; I wonder how many GSK shares GB & AD etc have?!

But that would be hinting that like most other politicians they are corrupt, and we can't have that can we.

Not at all! ;o)

Another collaboration deal.

Amgen and GlaxoSmithKline to collaborate on Denosumab for postmenopausal osteoporosis
28. July 2009 01:56

Amgen and GlaxoSmithKline (GSK) today announced a collaboration in which the companies will share commercialization of Amgen's monoclonal antibody denosumab for postmenopausal osteoporosis (PMO) in Europe, Australia, New Zealand and Mexico once the product is approved in these countries.

http://www.news-medical.net/news/20090728/Amgen-and-GlaxoSmithKline-to-collaborate-on-Denosumab-for-postmenopausal-osteoporosis.aspx

RNS.

Re Vaccine order increase.

This now brings the total number of doses ordered for GSK's adjuvanted vaccine to 291 million. Discussions continue with governments for further supplies of the vaccine.

GSK's proposed donation of 50 million doses of the H1N1 vaccine to the WHO.

The 50 million doses is further good PR for GSK following Witty's formula.

A few more figures.

Figures in the media are now predicting a boost to GSK of 1.8 billion, with up to 3 billion if further orders flow in from those counties who have not yet signed deals with vaccine producing companies.

This month Glaxo are to start clinical trials, with the first supplies set for delivery in September.

It is the clinical trial bit that will hold the sp back for a while, but Glaxo appear to have the lead, in supply contracts.

I think the strengthening cable isn't helping either, some anticipating 1.75,almost worth hedging with a long cable position!

Finally a close above 12.

I think glaxo is one of the few equities that deserve to be going up roll on 50 what it would be valued at if in a different sector

LONDON (SHARECAST) - The Centers for Disease Control and Prevention (CDC) issued new guidelines for the use of antivirals in the treatment of flu on Tuesday, which should boost revenues drugs giant GlaxoSmithKline (GSK) receives from its Relenza flu treatment.

Broker Panmure Gordon is forecasting Relenza revenues of 700m for 2009, and expects this figure to rise to 1bn in 2010 before sliding back towards 250m per annum from 2011 onwards.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=2995520

An AFX worth reporting .

Japan's health ministry is set to buy enough H1N1 flu vaccine for nearly 50 million people from British drug maker GlaxoSmithKline and Switzerland's Novartis, a Japanese newspaper reported on Friday.
The country can produce enough vaccine for about 18 million people but the government hopes to push that figure close to 70 million with the added imports, the Asahi newspaper said.
The government will spend about 100 billion yen ($1.1 billion) on the Glaxo vaccine.

Just closed my position from a couple of months ago - so other holders should expect a sharp rise now :-)

GlaxoSmithKline update: Government orders for pandemic (H1N1) 2009 vaccine

GSK is committed to supporting governments and health authorities around the world respond to the pandemic (H1N1) 2009 influenza strain.

The company today provided an update on orders received for its pandemic (H1N1) adjuvanted vaccine.

On the 4th August, GSK confirmed that it had contracts in place to supply 291 million doses of the vaccine and had a variety of agreements in place with the US Government to supply pandemic products worth $250 million.

Since that date, 22 government orders have been agreed to supply a further 149 million doses of the vaccine. This now brings the total number of doses ordered for GSK's pandemic vaccines to 440 million. Discussions continue with governments for further supplies.

First supplies of the vaccine will be shipped to governments during the week commencing 5th October. Shipments of the vaccine will be delivered in both the fourth quarter of 2009 and the first half of 2010.

The vaccine deliveries are contingent on a number of factors including government import/export regulations, regulatory approvals, approvals for outsourced packaging and filling as well as testing required by reference laboratories.

GSK will continue to provide regular updates to governments relating to delivery schedules to support them in planning their vaccination programmes.

Further information on GSK's development of vaccines to protect against pandemic (H1N1) 2009, including explanation of the development process and background information on adjuvants is available on: http://www.gsk.com/media/pandemic-flu.htm