GSK Pakistan explained

GSK Pakistan
Trading Name:GLAXO
Traded As:
KSE 100 component
Type:Public
Area Served:Pakistan
Key People:
  • Erum Shakir Rahim (CEO)
  • Hasham Ali Baber (CFO)
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.

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 .[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. A year later, in 2017, GSKCH got listed on PSX.

GLAXO vs GSKCH

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.

Notes and References

  1. Web site: GSK PK Annual Report 2022. pk.gsk.com. 30 November 2023.
  2. News: GlaxoSmithKline Pakistan Limited – a company overview (2014 version). Business Recorder . 2 December 2014. 3 November 2022.
  3. News: GlaxoSmithKline Pakistan Limited – a company overview (2016 version). Business Recorder. 1 September 2016. 3 November 2022.
  4. News: GlaxoSmithKline Pakistan - a company profile. Dilawar. Hussain. 27 August 2003. Dawn . 3 November 2022.
  5. Web site: Glaxo acquires Bristol Myers. Aamir Shafaat. Khan. 23 December 2008. Dawn. 3 November 2022.
  6. Web site: GSK Pakistan takes over Stiefel's local operations. 3 December 2010. The Express Tribune . 3 November 2022.
  7. News: 2022-09-01 . GLAXO: earnings in red . 2022-11-03 . Business Recorder. en.