GlaxoSmithKline Pakistan

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GlaxoSmithKline Pakistan
Company type Public company
PSX:  GLAXO
Industry Pharmaceutical
Founded2001;23 years ago (2001)
Headquarters,
Pakistan
Area served
Pakistan
Key people
  • Erum Shakir Rahim (CEO)
  • Hasham Ali Baber (CFO)
RevenueIncrease2.svgRs. 41.84 billion (US$140 million) [1]  (2022)
Decrease2.svgRs. 5.10 billion (US$18 million) [1]  (2022)
Decrease2.svgRs. 2.46 billion (US$8.5 million) [1]  (2022)
Total assets Increase2.svgRs. 22.63 billion (US$78 million) [1]  (2022)
Total equity Increase2.svgRs. 21.05 billion (US$73 million) [1]  (2022)
Number of employees
1,768 [1]  (2022)
Parent GSK
Website www.pk.gsk.com

GlaxoSmithKline Pakistan is a Pakistani pharmaceutical company which is a subsidiary of British company GSK. [2] It is the largest pharmaceutical company in Pakistan.

Contents

History

The company started its operations in Pakistan as Glaxo Laboratories Pakistan Ltd and was listed on the Karachi Stock Exchange in 1951. [3]

GSK Pakistan equation was formed when Beecham, Glaxo Welcome and Smith Kline, all having a big name in the pharmaceutical market and that were separate entities before, merged in 2002. [4]

In December 2008, GSK Pakistan acquired operations of Bristol Myers Squibb in Pakistan for approximately US$36.5 million. [5]

In December 2010, the company acquired Stiefel Laboratories operations in Pakistan. [6]

GlaxoSmithKline's former logo, 2001-9 June 2022 GSK logo 2014.svg
GlaxoSmithKline's former logo, 2001-9 June 2022

GlaxoSmithKline Consumer Healthcare Pakistan Limited (GSKCH)

In 2015, GlaxoSmithKline Consumer Healthcare Pakistan Limited (GSKCH) was demerged from GlaxoSmithKline Pakistan Limited (GLAXO). [7]

In 2016, GSKCH started operations as an independent company. [7]

In 2017, GSKCH got listed on PSX. [7]

GLAXO vs GSKCH

GLAXO (GlaxoSmithKline Pakistan Limited) manufactures and markets a wide variety of prescription medicines and vaccines. [7]

GSKCH (GlaxoSmithKline Consumer Healthcare Pakistan Limited) sells over-the-counter medicines and consumer products. [7]

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References

  1. 1 2 3 4 5 6 "GSK PK Annual Report 2022" (PDF). pk.gsk.com. Retrieved 30 November 2023.
  2. "GlaxoSmithKline Pakistan Limited – a company overview (2014 version)". Business Recorder (newspaper). 2 December 2014. Retrieved 3 November 2022.
  3. "GlaxoSmithKline Pakistan Limited – a company overview (2016 version)". Business Recorder (newspaper). 1 September 2016. Retrieved 3 November 2022.
  4. Hussain, Dilawar (27 August 2003). "GlaxoSmithKline Pakistan - a company profile". Dawn (newspaper). Retrieved 3 November 2022.
  5. Khan, Aamir Shafaat (23 December 2008). "Glaxo acquires Bristol Myers". Dawn (newspaper). Retrieved 3 November 2022.
  6. "GSK Pakistan takes over Stiefel's local operations". The Express Tribune (newspaper). 3 December 2010. Retrieved 3 November 2022.
  7. 1 2 3 4 5 "GLAXO: earnings in red". Business Recorder (newspaper). 1 September 2022. Retrieved 3 November 2022.