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BMS will continue to supply the acquired products until 2011 when it is anticipated that manufacture will transfer to GSK's Giza plant.
Deal Value (US$ Million) 23.2 Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2009-07-02
Deal Participants
Target (Company) Bristol-Myers Squibb Company - Generics Business Acquirer (Company) GlaxoSmithKline plc Vendor (Company) Bristol-Myers Squibb Company
Deal Rationale
The acquisition represents GSK's strategy to accelerate growth in the emerging markets and extends its product portfolio in the Middle East and North Africa.
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