GlaxoSmithKline Pakistan
| Company type | Public |
|---|---|
| PSX: GLAXO | |
| Industry | Pharmaceutical |
| Founded | 2001 |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan |
| Parent | GlaxoSmithKline |
| Website | pk |
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
- ^ "GlaxoSmithKline Pakistan Limited – Business Recorder".
- ^ "GlaxoSmithKline Pakistan Limited – Business Recorder".
- ^ Hussain, Dilawar (August 27, 2003). "GlaxoSmithKline Pakistan". DAWN.COM.
- ^ Khan, Aamir Shafaat (December 23, 2008). "Glaxo acquires Bristol Myers". DAWN.COM.
- ^ "GSK Pakistan takes over Stiefel's local operations". The Express Tribune. December 3, 2010.
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