GSK outlines UK manufacturing investment and product divestment plans
The UK’s largest pharma company, GlaxoSmithKline (LSE: GSK) today announced plans for the company in terms of investments and divestments over the next several years.
These include both investments for respiratory and HIV medicines manufacturing in the UK and strategic reviews, including the sale of several products and a proposal to close a UK manufacturing site, GSK noted.
Between now and 2020, the company plans to invest more than £140 million ($182 million) at its Ware, Hertfordshire, Barnard Castle, Co Durham and Montrose, Scotland, sites. The investments will support expansion of manufacturing for respiratory and HIV medicines. This new investment is in addition to the £275 million announced last year and investment of over £1.2 billion in UK manufacturing since 2012.
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