Please login to the form below

Not currently logged in

GSK driving growth in emerging markets

GlaxoSmithKline has entered into a transformational agreement with South African pharmaceutical company
GlaxoSmithKline (GSK) has entered into a transformational agreement with South African pharmaceutical company, Aspen, as a part of a new strategy to accelerate sales growth in emerging markets and extend its product portfolio.

Under the terms of the agreement with Aspen and its venture partner, Strides Arcolab, GSK will access to a broad portfolio and future pipeline of branded pharmaceutical products on a licence and supply basis across emerging markets.

According to GSK, emerging markets are predicted to grow by 13 per cent - triple the growth rates of Western markets - and will account for 40 per cent of the worldwide pharmaceutical market by 2020. In an attempt to tap into this potential resource, GSK has established a new business model and prioritised investments to boost its geographical footprint in emerging market countries.

"This collaboration gives us access to a renewable, high quality and competitively priced source of branded pharmaceuticals in high demand therapeutic areas," said Andrew Witty, CEO of GSK. "Growth in both population and economic prosperity is leading to increased demand for branded pharmaceutical products."

23rd July 2008


Featured jobs

Subscribe to our email news alerts


Add my company
Cello Health Insight

Cello Health Insight is the global market research arm of Cello Health. With 35 years’ sector experience, we specialise in...

Latest intelligence

AstraZeneca’s oncology renaissance
Susan Galbraith played a key role in restoring AstraZeneca’s place in cancer drug development – she talks about the future of oncology and why there’s more to be done to...
Navigating the antibiotic resistance crisis
Blue Latitude Health speaks to Tara DeBoer, PhD, Postdoctoral Researcher and CEO of BioAmp Diagnostics to explore the antimicrobial resistance crisis, and learn how a simple tool could support physicians...
Combined immunotherapies – potential and pitfalls
‘Combining therapeutic compounds is the first logical step towards better results, namely higher rates of patients responding to treatment, with deeper and more sustained responses’...