GlaxoSmithKline and Stiefel to create new world-leading specialist dermatology business
Stiefel, the world’s largest independent dermatology company, acquired by GSK in deal valued at up to $3.6 billion
GlaxoSmithKline plc (GSK) and Stiefel Laboratories Inc. today announced that they have signed an agreement to create a new world-leading specialist dermatology business. Under the terms of the agreement GSK will acquire the total share capital of Stiefel for a cash consideration of $2.9 billion.
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