2023-10-09 10:32
GSK partners with Chinese vaccine maker to boost shingles shot sales
GSK plc clinched a partnership with Chinese vaccine maker Chongqing Zhifei Biological Products Co to boost sales of its blockbuster shingles immunisation locally. Under the agreement, GSK will sell £2.5 billion worth of its Shingrix shot to Zhifei over a three-year period. The Chinese company, which already distributes Merck & Co's Gardasil, will promote the shot across 30,000 vaccination points to spur its uptake, GSK said in a statement on Monday. Tapping growing demand among China's swelling ranks of senior citizens could help GSK reach its goal of doubling Shingrix's revenue to more than £4 billion by 2026 - especially as demand cools in other markets.
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