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New Drug Applications, FDA Approvals, Approved Acquisitions, Divestitures and Licensing Agreements - Research Report on Merck, Allergan, Mylan, AstraZeneca, and GlaxoSmithKline
Date:9/16/2013

able to download free of charge at: [http://www.investorsreports.com/report/2013-09-11/AZN]

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GlaxoSmithKline plc Research Report  

On September 9, 2013, GlaxoSmithKline plc (GSK) announced that it has signed an agreement to sell its nutritional drink brands, Lucozade and Ribena, to Suntory Beverage & Food Ltd. (SBF) against a consideration of c.£1.4 billion in cash. The Company informed that under the terms of the agreement, SBF will acquire global rights to the brands and GSK's Coleford manufacturing site, located in the Forest of Dean in the UK, however, in Nigeria, GSK will continue to manufacture and distribute Lucozade and Ribena under licence from SBF. David Redfern, Chief Strategy Officer, GSK, said, "Lucozade and Ribena are iconic brands that have made a huge contribution to GSK over the years, but now is the right time to sell them as we increase the focus of our Consumer Healthcare business and execute the delivery of our late stage pipeline of pharmaceuticals and vaccines." The Company expects the transaction to be completed by the end of 2013, subject to regulatory approvals. The Full Research Report on GlaxoSmithKline plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-11/GSK]

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