Australian Competition and Consumer Commission Pushes Forward GSK-Pfizer Consumer Healthcare Business

By John Heerdink LinkedIn

The GlaxoSmithKline’ deal seeking to purchase & combine Pfizer’s consumer healthcare business  with their own has recently received approval from Australia’s antitrust regulator recently  called the Australian Competition and Consumer Commission (ACCC.)  It was reported that the ACCC anticipates that the new partnership will face significant competition from generic players in the market because generic products are much cheaper in comparison. 68 percent of the new venture will be owned by GlaxoSmithKline.

Pfizer (PFE)  is a leading global provider of anti-infective medicines, offering patients access to a diverse portfolio of more than 80 products. To learn more about Pfizer (PFE) and to track its progress please visit the Vista Partners Pfizer Coverage Page.

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GSK-Pfizer deal gets approval from Australia’s anti-trust watchdog

The two pharmaceutical giants in December said they would combine their consumer health businesses in a joint venture that would be 68 percent-owned by GSK. The Australian Competition and Consumer Commission (ACCC) said products produced and sold by GSK and Pfizer in Australia would face strong competition..

finance.yahoo.com

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