GlaxoSmithKline Reports Positive Results For Malaria Treatment

GlaxoSmithKline PLC (GSK.LN) Monday announced positive results for its malaria treatment tafenoquine in Phase III testing.

The drug giant said a single dose the treatment, used to prevent relapses of Plasmodium vivax malaria, reduced the risk of relapse in patients significantly more than a placebo when given alongside a 3-day blood-stage chloroquine treatment.

Shares at 1113 GMT, down 4 pence, or 0.2%, at 1,695 pence valuing the company at GBP83.3 billion.

-Write to Rory Gallivan at; Twitter: @RoryGallivan

(END) Dow Jones Newswires

June 12, 2017 07:29 ET (11:29 GMT)