GSK split would account for pharma and consumer differences, insider says

23 July 2018

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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