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Wednesday, December 19, 2018

Drugmaker GSK to split after folding in Pfizer consumer unit

GlaxoSmithKline Plc and Pfizer Inc said they would combine their consumer health businesses in a joint venture with sales of 9.8 billion pounds, majority owned by the British company.

GSK said on Wednesday the deal laid the foundation for the creation of two new UK-based global companies focused on Pharmaceuticals/Vaccines and Consumer Healthcare.

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