GlaxoSmithKline Strengthens Presence in Emerging Asian Markets
Taskin Ahmed
Abstract
GlaxoSmithKline has entered into a strategic alliance with Dong-A Pharmaceuticals Co., of South Korea, acquiring a 9.9 percent stake for GBP 73.9 M (USD 109.5 M). The move aims to beef up the commercial position of both companies in the emerging markets as pharmaceutical sales slow in the developed West.
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