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

Historical Stock Chart

From May 2017 to May 2022

Click Here for more Gsk Charts.

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.


-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;


1 Year Gsk Chart

1 Year Gsk Chart

1 Month Gsk Chart

1 Month Gsk Chart
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220521 06:19:43