GSK to profile new class of antibiotic at Nov. 3 investor day

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[October 23, 2015]  LONDON (Reuters) - British pharmaceutical company GlaxoSmithKline will profile its drug development pipeline, including a new class of antibiotic, on Nov. 3, its chief executive said on Thursday.

The event in New York - the company's first investor day centred on drug development for more than a decade - will profile medicines from a pipeline that is 80 percent first-in-class, Andrew Witty said in a public interview at the Chatham House think-tank in London.

It will include an update on its Type 2 topoisomerase inhibitor drug candidate, which is in the Phase II stage of development, according to Witty.

He said that only two new classes of antibiotics - drugs which treat bacterial infections - had been discovered in the past 40 years. "We have a third one," he said.

(Reporting by Paul Sandle; Editing by Mark Heinrich)

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