GSK Pakistan | |
Trading Name: | GLAXO |
Traded As: | KSE 100 component |
Type: | Public |
Area Served: | Pakistan |
Key People: | |
Industry: | Pharmaceutical |
Revenue: | [1] |
Revenue Year: | 2022 |
Income Year: | 2022 |
Net Income Year: | 2022 |
Hq Location City: | Karachi |
Hq Location Country: | Pakistan |
Assets Year: | 2022 |
Equity Year: | 2022 |
Num Employees: | 1,768 |
Num Employees Year: | 2022 |
Parent: | GSK |
GlaxoSmithKline (GSK) Pakistan is a Pakistani pharmaceutical company which is a subsidiary of British company GSK.[2] It is the largest pharmaceutical company in Pakistan.
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 .[5]
In December 2010, the company acquired Stiefel Laboratories operations in Pakistan.[6]
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. A year later, in 2017, GSKCH got listed on PSX.
GLAXO (GlaxoSmithKline Pakistan Limited) manufactures and markets a wide variety of prescription medicines and vaccines.
GSKCH (GlaxoSmithKline Consumer Healthcare Pakistan Limited) sells over-the-counter medicines and consumer products.