Glaxo SmithKline signs business agreement with Korean company

GSK has signed an agreement with LG Household & Health Care Ltd ( a Korean cosmetic, personal care, home care, and beverage business), which will acquire Physiogel business rights for the Asian and North American regions, revealed a notification to the Exchange.

GSK Consumer Healthcare Pakistan Ltd  currently operates as a Distributer of Physiogel in Pakistan, which makes up 0.9% of the overall annual sakes of GSK CHC. The distribution rights will be revoked upon completion of the above-mentioned global transaction, expected by end of July 2020 for Pakistan.