GlaxoSmithKline Pakistan

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

GlaxoSmithKline Pakistan
TypePublic company
PSX: GLAXO
IndustryPharmaceutical
Founded2001 (2001)
HeadquartersKarachi, Pakistan
Area served
Pakistan
ParentGSK
Websitepk.gsk.com

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's former logo, 2001-9 June 2022

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
  1. "GlaxoSmithKline Pakistan Limited – a company overview (2014 version)". Business Recorder (newspaper). 2 December 2014. Retrieved 3 November 2022.
  2. "GlaxoSmithKline Pakistan Limited – a company overview (2016 version)". Business Recorder (newspaper). 1 September 2016. Retrieved 3 November 2022.
  3. Hussain, Dilawar (27 August 2003). "GlaxoSmithKline Pakistan - a company profile". Dawn (newspaper). Retrieved 3 November 2022.
  4. Khan, Aamir Shafaat (23 December 2008). "Glaxo acquires Bristol Myers". Dawn (newspaper). Retrieved 3 November 2022.
  5. "GSK Pakistan takes over Stiefel's local operations". The Express Tribune (newspaper). 3 December 2010. Retrieved 3 November 2022.
  6. "GLAXO: earnings in red". Business Recorder (newspaper). 1 September 2022. Retrieved 3 November 2022.
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