Glaxo buys Novartis’ share of consumer healthcare JV

[anonymous]

GlaxoSmithKline, which holds about a two-thirds share in the Consumer Healthcare business JV with its partner Novartis, plans to acquire the rest of the 36.5% stake held by Novartis for $13 billion. https://news.alphastreet.com/glaxo-buys-novartis-share-of-consumer-healthcare-joint-venture/

 

[anonymous]

GlaxoSmithKline, which holds about a two-thirds share in the Consumer Healthcare business JV with its partner Novartis, plans to acquire the rest of the 36.5% stake held by Novartis for $13 billion. https://news.alphastreet.com/glaxo-buys-novartis-share-of-consumer-healthcare-joint-venture/

Slow clap

 

[anonymous]

Slow clap

Great defensive move by Emma.

 

[anonymous]

One could reasonably conclude that one company wants to focus on novel medicines and the other on OTC medicines and tooth paste.

 

[anonymous]

GlaxoSmithKline, which holds about a two-thirds share in the Consumer Healthcare business JV with its partner Novartis, plans to acquire the rest of the 36.5% stake held by Novartis for $13 billion. https://news.alphastreet.com/glaxo-buys-novartis-share-of-consumer-healthcare-joint-venture/

Novartis paid 16B for our onco portfolio, we paid 13 B for consumer goods portfolio. Onco products (Votrient, Promacta, etc.) divested make over 3B annually, 12B since the sale. I’m pretty sure whe got the short end of the stick when you calculate net to net profit. Thanks twitty, thanks Emma.

 

[anonymous]

Witty still owns this OTC debacle. Dude was born with a silver spoon up his ass and thinks he can save the world. His myopic mindset has cost GSK employees jobs, homes and in some cases their lives. Meanwhile he was knighted. It was kinda like Obama winning a Nobel Peace Prize. Both did nothing but hurt the people they were supposed to protect. Then political correctness took over and they were rewarded. Life aint fair.

 

[anonymous]

Why not leave the poor man alone and live in the present. There are many like you who were fired and hate the company. Get over it.

 

[anonymous]

Why not leave the poor man alone and live in the present. There are many like you who were fired and hate the company. Get over it.

Get over it? Twitty got a multimillion dollar package when he was forced out. He humiliated GSK with the China scandal. He had a less than innovative R&D leadership while CEO. He sold the most innovative and exciting area, oncology, for a handful of beans while holding his little beanstalk in his hand. His legacy? Cute slogans such as “white pills for western markets”, incompetent R & D leaders such as Moncef, and the infamous “Volume Strategy”.

 

[anonymous]

Why not leave the poor man alone and live in the present. There are many like you who were fired and hate the company. Get over it.

Boing!

 

[anonymous]

Witty still owns this OTC debacle. Dude was born with a silver spoon up his ass and thinks he can save the world. His myopic mindset has cost GSK employees jobs, homes and in some cases their lives. Meanwhile he was knighted. It was kinda like Obama winning a Nobel Peace Prize. Both did nothing but hurt the people they were supposed to protect. Then political correctness took over and they were rewarded. Life aint fair.

Lost credibility of opinion with political editorializing.

 

[anonymous]

Boing!

The corporate lackey, aka the boing guy, is back at work after a morning of boot licking senior GSK leaders and deep inhaling of farts in the men’s room at GSK in philly.

 

[anonymous]

The corporate lackey, aka the boing guy, is back at work after a morning of boot licking senior GSK leaders and deep inhaling of farts in the men’s room at GSK in philly.

Said Sparky from corporate comms.

 

[anonymous]

People who are educated tend to disregard 4th grade humor. Children do enjoy playing on the computers.

 

[anonymous]

People who are educated tend to disregard 4th grade humor. Children do enjoy playing on the computers.

Said the corporate comms lackey.