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Dong-A, GSK to set up joint venture
Published: 2010-04-01 07:00:00
Updated: 2010-04-01 07:00:00
Dong-A Pharm said on March 29 that it plans to establish a joint venture with GlaxoSmithKline (GSK) to create a new sales unit “Glaxo Business Unit (GBU)” with Dong-A.
Sources say GSK will have a 9.9 percent stake in the joint venture, or approximately 100 billion won.
The two companies are said to reach a final agreement within the next month despite some disagreements over issuance of n...
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