US secures $1bn of GSK-Vir Covid-19 treatment – report

The United States has signed about $1bn of contracts to buy the antibody-based Covid-19 treatment developed by GlaxoSmithKline and Vir Technology of the US, according to a report.
GSK said the deal meant the number of doses of sotrovimab secured for treatment was more than 750,000 globally with supply expected to start on 17 December. The US will have an option to buy extra doses until the end of March 2022, Reuters reported.

Sotrovimab is authorised for emergency use in the US to prevent mild or moderate cases of the virus from getting worse. The companies did not say how many doses the US had secured after Canada bought 10,000 treatments and the EU secured up to 220,000.

The treatment cuts the risk of hospitalisation or death by 79% in adults with mild-to-moderate Covid-19.

“Given ongoing evidence, which demonstrates its ability to maintain activity against the tested circulating variants of concern, including Delta, we are confident sotrovimab will continue to be important,” Vir’s chief executive George Scangos said in a statement.

Related Articles

Sign up to the Wealth DFM Newsletter

Name

Trending Articles

Wealth DFM Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

Wealth DFM Talk Podcast – listen to the latest episode

Wealth DFM
Privacy Overview

Our website uses cookies to enhance your experience and to help us understand how you interact with our site. Read our full Cookie Policy for more information.