December 19, 2018 / 7:13 AM / 3 months ago

GSK and Pfizer to combine consumer health businesses

LONDON, Dec 19 (Reuters) - GlaxoSmithKline Plc and Pfizer Inc said they would combine their consumer health businesses in a joint venture with sales of 9.8 billion pounds ($12.7 billion), 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. (Reporting by Paul Sandle; editing by Kate Holton)

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