GSK split would account for pharma and consumer differences, insider says
The UK’s biggest drugmaker could be about to split up its business operations, according to reports.
GlaxoSmithKline (LSE: GSK) chairman Philip Hampton has spoken about creating a unit that would focus on its pharma and vaccines operations, while the consumer division would be spun off, according to The Financial Times.
Its quotes a shareholder who cites the different financial dynamics of the consumer and prescription drug sectors as the stated logic behind this potential move.
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