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.
 | |
| GLAXO | |
| Company type | Public |
| PSX: GLAXO KSE 100 component | |
| Industry | Pharmaceutical |
| Founded | 1951 |
| Headquarters | , Pakistan |
Area served | Pakistan |
Key people | |
| Revenue |  Rs. 41.84 billion (US$140 million)[1] (2022) |
 Rs. 5.10 billion (US$18 million)[1] (2022) | |
| Rs. 2.46 billion (US$8.5 million)[1] (2022) | |
| Total assets | Rs. 22.63 billion (US$78 million)[1] (2022) |
| Total equity | Rs. 21.05 billion (US$73 million)[1] (2022) |
Number of employees | 1,768[1] (2022) |
| Parent | GSK |
| Website | www |
History
editThe 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
editIn 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]
GLAXO vs GSKCH
editGLAXO (GlaxoSmithKline Pakistan Limited) manufactures and markets a wide variety of prescription medicines and vaccines.[7]
GSKCH (GlaxoSmithKline Consumer Healthcare Pakistan Limited) sells over-the-counter medicines and consumer products.[7]
References
edit- ^ a b c d e f "GSK PK Annual Report 2022" (PDF). 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.
- ^ Hussain, Dilawar (27 August 2003). "GlaxoSmithKline Pakistan - a company profile". Dawn. Retrieved 3 November 2022.
- ^ Khan, Aamir Shafaat (23 December 2008). "Glaxo acquires Bristol Myers". Dawn. Retrieved 3 November 2022.
- ^ "GSK Pakistan takes over Stiefel's local operations". The Express Tribune. 3 December 2010. Retrieved 3 November 2022.
- ^ a b c d e "GLAXO: earnings in red". Business Recorder. 1 September 2022. Retrieved 3 November 2022.