1.
Why have GSK and Pfizer come together?
GlaxoSmithKline and Pfizer have decided to enter into a collaboration to sell over-the-counter healthcare products. The joint venture is expected to have sales of up to 9.8 billion pounds($12.7 billion). Pfizer will have a 32% stake, while GSK will have the controlling share of 68%.
Pfizer’s over-the-counter brands like Advil, Centrum, and Caltrate will add to GSK’s own offerings: Sensodyne, Nicorette and Excedrin. The combined unit will become the world’s largest provider of healthcare products that directly reach the public. It is expected to have a market share of 7.3%.
To implement the joint venture, GSK will split into two main business heads: one dealing with over-the-counter products, and the other focusing on prescription drugs.
The transformation at GSK has been brought about largely by CEO Emma Walmsley. She has helped finalize several deals to strengthen GSK’s offerings and market position. These include the buyout of the over-the-counter division of Novartis and acquisition of U.S.-based biotech company Tesaro. GSK is also close to selling its nutrition division to Unilever.
Why have GSK and Pfizer come together?
The joint venture is expected to have a market share of
Sensodyne is a product of
GSK will split into two businesses.
In this sentence, the word split is closest in meaning to
She has helped finalize several deals to ____ GSK’s market position.
Which of the following options would you use to complete the sentence?
How has Emma Walmsley helped strengthen GSK’s market position?
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