Glaxo SmithKline signs business agreement with Korean company

MG News | March 17, 2020 at 02:46 PM GMT+05:00

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March 17, 2020 (MLN): GSK has signed an agreement with LG Household & Health Care Ltd ( a Korean cosmetic, personal care, home care, and beverage business), which will acquire Physiogel business rights for the Asian and North American regions, revealed a notification to the Exchange.

GSK Consumer Healthcare Pakistan Ltd (GSK CHC) currently operates as a Distributer of Physiogel in Pakistan, which makes up 0.9% of the overall annual sakes of GSK CHC. The distribution rights will be revoked upon completion of the above-mentioned global transaction, expected by end of July 2020 for Pakistan.

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