GlaxoSmithKline Pakistan

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GlaxoSmithKline Pakistan
TypePublic
PSX: GLAXO
IndustryPharmaceutical
Founded2001; 21 years ago (2001)
HeadquartersKarachi, Pakistan
Area served
Pakistan
ParentGlaxoSmithKline
Websitepk.gsk.com

GlaxoSmithKline Pakistan is a Pakistani pharmaceutical company which is a subsidiary of British company GlaxoSmithKline.[1] It is the largest pharmaceutical company in Pakistan.

History[]

The company started its operations in Pakistan as Glaxo Laboratories Pakistan Ltd and was listed on the Karachi Stock Exchange in 1951.[2]

GSK Pakistan equation was formed when Beecham, Glaxo Welcome and Smith Kline, all having a big name in the pharmaceutical market and that were separate entities before, merged in 2002.[3]

In December 2008, GSK Pakistan acquired operations of Bristol Myers Squibb in Pakistan for approximately US$36.5 million.[4]

In December 2010, the company acquired Stiefel Laboratories operations in Pakistan.[5]

References[]

  1. ^ "GlaxoSmithKline Pakistan Limited – Business Recorder".
  2. ^ "GlaxoSmithKline Pakistan Limited – Business Recorder".
  3. ^ Hussain, Dilawar (August 27, 2003). "GlaxoSmithKline Pakistan". DAWN.COM.
  4. ^ Khan, Aamir Shafaat (December 23, 2008). "Glaxo acquires Bristol Myers". DAWN.COM.
  5. ^ "GSK Pakistan takes over Stiefel's local operations". The Express Tribune. December 3, 2010.
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