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Pfizer and GlaxoSmithKline set up HIV joint venture
Apr 2009
Executive Summary
In a move that gives them 19% of the global HIV market, GlaxoSmithKline and Pfizer have set up a joint venture to focus on 17 of their marketed drugs and pipeline compounds for this infectious disease. Together the assets have an estimated book value of £250mm ($373mm). Some analysts say the yet-unnamed new entity may likely be spun off or sold in the future.
Deal Industry
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Alliance
- Joint Venture
- R+D and Marketing-Licensing
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Pfizer and GlaxoSmithKline set up HIV joint venture
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