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GlaxoSmithKline and Pfizer launch HIV joint venture

Posted on: Thu, 05 Nov 2009 10:09:00 EST

Symbols: GSK, PFE

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GSK and Pfizer first said that they had agreed to form a new specialist
HIV company in April 2009 and the transaction was completed on 30
October.

The new joint venture, called ViiV Healthcare, will be 85% controlled
by GSK and 15% by Pfizer.

ViiV Healthcare has 10 medicines currently available including
therapies such as Epzicom/Kivexa (abacavir sulfate+lamivudine) and
Selzentry/Celsentri (maraviroc).

These available treatments generated sales of approximately GBP1.6bn in
2008.

(USD1=GBP0.60)

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For full details on GlaxoSmithKline (GSK) GSK. GlaxoSmithKline (GSK) has Short Term PowerRatings at TradingMarkets. Details on GlaxoSmithKline (GSK) Short Term PowerRatings is available at This Link.

For full details on Pfizer Inc (PFE) PFE. Pfizer Inc (PFE) has Short Term PowerRatings at TradingMarkets. Details on Pfizer Inc (PFE) Short Term PowerRatings is available at This Link.

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