GlaxoSmithKline Pakistan
 | |
| Type | Public company |
|---|---|
| PSX: GLAXO | |
| Industry | Pharmaceutical |
| Founded | 2001 |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan |
| Parent | GSK |
| Website | pk.gsk.com |
GlaxoSmithKline 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 US$36.5 million.[4]
In December 2010, the company acquired Stiefel Laboratories operations in Pakistan.[5]
GlaxoSmithKline Consumer Healthcare Pakistan Limited (GSKCH)
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]
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
- ^ "GlaxoSmithKline Pakistan Limited – a company overview (2014 version)". Business Recorder (newspaper). 2 December 2014. Retrieved 3 November 2022.
- ^ "GlaxoSmithKline Pakistan Limited – a company overview (2016 version)". Business Recorder (newspaper). 1 September 2016. Retrieved 3 November 2022.
- ^ Hussain, Dilawar (27 August 2003). "GlaxoSmithKline Pakistan - a company profile". Dawn (newspaper). Retrieved 3 November 2022.
- ^ Khan, Aamir Shafaat (23 December 2008). "Glaxo acquires Bristol Myers". Dawn (newspaper). Retrieved 3 November 2022.
- ^ "GSK Pakistan takes over Stiefel's local operations". The Express Tribune (newspaper). 3 December 2010. Retrieved 3 November 2022.
- ^ a b c d e "GLAXO: earnings in red". Business Recorder (newspaper). 1 September 2022. Retrieved 3 November 2022.
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