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GlaxoSmithKline cancels its "Pharmaceutical Business License" in China

 Last Update: 2021-08-10
 Source: Internet
 Author: User

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Yesterday (June 28), Shanxi Pharmaceutical Equipment Centralized Bidding and Purchasing Network issued a notice showing that the "Drug Business License" of GlaxoSmithKline (China) Investment Co.

Screenshot from Shanxi Province Pharmaceutical Equipment Centralized Bidding Purchasing Network

GlaxoSmithKline (GSK)'s move in China echoes its global strategy of accelerating transformation

In recent years, GSK’s performance can be said to have been "declining steadily", which may be an important reason why the company has proposed an accelerated transformation strategy this year

In a statement, GSK stated that “through the divestiture of non-priority products, it will focus on supporting vaccines and special drugs

Reference source: E medicine manager, Health and Knowledge Bureau

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