GSK Pakistan
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GlaxoSmithKline (GSK) Pakistan is a Pakistani pharmaceutical company which is a subsidiary of British company GSK.[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 Template:USD.[4]
In December 2010, the company acquired Stiefel Laboratories operations in Pakistan.[5]
Haleon Pakistan
In 2015, GlaxoSmithKline Consumer Healthcare Pakistan Limited (GSKCH) was demerged from GlaxoSmithKline Pakistan Limited (GLAXO).[6] In 2016, GSKCH started operations as an independent company.[6] A year later, in 2017, GSKCH got listed on PSX.[6]
GLAXO vs GSKCH
GLAXO (GlaxoSmithKline Pakistan Limited) manufactures and markets a wide variety of prescription medicines and vaccines.[6]
GSKCH (GlaxoSmithKline Consumer Healthcare Pakistan Limited) sells over-the-counter medicines and consumer products.[6]
References
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- GSK plc
- Companies based in Karachi
- 1950s initial public offerings
- Companies listed on the Pakistan Stock Exchange
- Companies in the KSE 100 Index
- Pharmaceutical companies of Pakistan
- Pakistani subsidiaries of foreign companies