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Germany's Stada Pharma buys 6 of GSK's consumer brands to boost presence

GSK is streamlining its product offering as it prepares to fold its consumer business into a joint venture with Pfizer by the second half of this year

Reuters 

Private equity-backed generic drugmaker Stada said on Friday it would buy six consumer healthcare products from British drugmaker GlaxoSmithKline to bolster its presence in Europe. The price tag for the mainly Europe-focused brand portfolio, which include itch relief cream Eurax, antiseptic cream Savlon and Tixylix cough liquids, was in the high double digit million pound range, according to a person close to the deal. Stada declined to comment on the price. GSK is streamlining its product offering as it prepares to fold its consumer business. into a joint venture ...

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First Published: Fri, June 07 2019. 15:19 IST
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