Certain GSK antibiotic brands are up for sale — report
Last month, GSK’s Emma Walmsley laid the groundwork for the company’s planned bifurcation — consumer healthcare and an R&D-focused outfit (including its historically separate vaccines unit) — by shedding off non-core assets like its dermatology division. Now, it looks like some antibiotic products are reportedly also on the chopping block.
On Monday, Bloomberg indicated the British drugmaker is working with financial advisers to potentially divest its $200 million-a-year cephalosporin antibiotic business, including the Zinnat and Fortum brands, and the portfolio could fetch several hundred million US dollars, citing people familiar with the matter.
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