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Alliance with GSK positive for Dong-A Pharm

Published: 2010-05-12 07:00:00
Updated: 2010-05-12 07:00:00
The strategic alliance between Dong-A Pharm and GlaxoSmithKline (GSK) is expected to help the leading Korean firm boost its pharmaceutical business in the long run, analysts say.

GSK says it will invest about 130 billion in Dong-A equity, which amounts to 9.9 percent of Dong-A’s total shares sooner or later.

Shares of Dong-A will close up 12,000 won, on news that Dong-A and GSK agreed to ...

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