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Share Name Share Symbol Market Type Share ISIN Share Description
Gsk Plc LSE:GSK London Ordinary Share GB0009252882 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  32.40 1.87% 1,764.00 1,764.00 1,764.20 1,771.80 1,741.80 1,748.00 17,693,318 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 34,114.0 5,442.0 87.6 20.1 89,681

GlaxoSmithKline Forms Alliance With Dong-A Pharmaceuticals Co

11/05/2010 7:42am

Dow Jones News


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GlaxoSmithKline PLC (GSK.LN) said Tuesday it has entered into a strategic alliance with Dong-A Pharmaceuticals Co., Ltd., a pharmaceutical and OTC Company in South Korea.

MAIN FACTS:

-As part of the transaction, GSK will acquire a 9.9% minority equity shareholding in Dong-A for GBP73.9 million (KRW 142.9 billion).

-Dong-A has a portfolio of proprietary and generic pharmaceutical products and leading consumer healthcare brands.

-Last year, Dong-A reported total sales of GBP414 million (KRW 801 billion).

-The alliance will initially co-promote selected GSK and Dong-A pharmaceutical products for use in primary care.

-Additional synergies will be explored to strengthen both companies' commercial positions within the Korean pharmaceutical market.

-Under the terms of the agreement the companies will share profits generated from the co-promoted products above pre-agreed baselines.

-A new business unit will be created within Dong-A to manage the collaboration.

-GlaxoSmithKline shares closed Monday at 1187.5 pence.

-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com

 
 

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