GSK to spin off its consumer healthcare division

2020 09 03 20 15 4369 Business Hands Cooperation 400

GlaxoSmithKline (GSK) plans to spin off its consumer healthcare division into a separate company, according to a report posted July 15 on Forbes.com.

The division targets oral health, pain relief, cold, flu and allergy, digestive health and vitamins, minerals and supplements, the report said. As a separate firm, it will focus on products that serve these health categories.

The deal is expected to be completed by mid-2022, the company said.

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