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Pfizer and GlaxoSmithKline set up HIV joint venture

Executive Summary

In a move that gives them 19% of the global HIV market, GlaxoSmithKline and Pfizer have set up a joint venture to focus on 17 of their marketed drugs and pipeline compounds for this infectious disease. Together the assets have an estimated book value of £250mm ($373mm). Some analysts say the yet-unnamed new entity may likely be spun off or sold in the future.
Deal Industry
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Joint Venture
    • R&D and Marketing (Licensing)

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