GlaxoSmithKline Pakistan Limited is a Pakistani pharmaceutical company which is a subsidiary of British company GSK.[2] 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.[3]
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.[4]
In December 2008, GSK Pakistan acquired operations of Bristol Myers Squibb in Pakistan for approximately US$36.5 million.[5]
In December 2010, the company acquired Stiefel Laboratories operations in Pakistan.[6]
Haleon Pakistan
In 2015, GlaxoSmithKline Consumer Healthcare Pakistan Limited (GSKCH) was demerged from GlaxoSmithKline Pakistan Limited (GLAXO).[7] In 2016, GSKCH started operations as an independent company.[7] A year later, in 2017, GSKCH got listed on PSX.[7] In 2022, GlaxoSmithKline Consumer Healthcare Pakistan Limited was renamed to Haleon Pakistan.[8]
GSK Pakistan vs Haleon Pakistan
GLAXO (GlaxoSmithKline Pakistan Limited) manufactures and markets a wide variety of prescription medicines and vaccines.[7]
GSKCH (GlaxoSmithKline Consumer Healthcare Pakistan Limited), now Haleon Pakistan, sells over-the-counter medicines and consumer products.[7]
References
- GSK PK Annual Report 2022 pk.gsk.com, retrieved 30 November 2023^
- GlaxoSmithKline Pakistan Limited – a company overview (2014 version) Business Recorder, 2 December 2014, retrieved 3 November 2022^
- GlaxoSmithKline Pakistan Limited – a company overview (2016 version) Business Recorder, 1 September 2016, retrieved 3 November 2022^
- Dilawar Hussain. GlaxoSmithKline Pakistan - a company profile Dawn, 27 August 2003, retrieved 3 November 2022^
- Aamir Shafaat Khan. Glaxo acquires Bristol Myers Dawn, 23 December 2008, retrieved 3 November 2022^
- GSK Pakistan takes over Stiefel's local operations The Express Tribune, 3 December 2010, retrieved 3 November 2022^
- GLAXO: earnings in red Business Recorder, 2022-09-01, retrieved 2022-11-03^
- Haleon Pakistan Limited 2024 Annual Report^