Best Business Mergers Of All Time

Glaxo Smithkline Merger
Another merger in the highly competitive and ever evolving drug industry. In 2000, British pharmaceutical companies SmithKline Beecham and Glaxo Wellcome merged in a deal worth $76 billion. This gave birth to Glaxo SmithKline, which was slated to hold 7.3 percent share of the global pharmaceutical market and have a combined market value of about $177. It was a move aimed at consolidating resources to gain a competitive edge in marketing and Research &Development. Today it is one of the leading pharmaceutical companies and has strong presence in the drug market for asthma, cancer, virus control, infections, mental health, diabetes, and digestive conditions. They invested $4 billion in 2011 in Research & Development.16 of their newly developed medicines were approved by the USA in the 4 year period between 2008 and 2011.They have a presence in 182 countries through their vaccines included in the immunization campaigns in these countries. Glaxo Smithkline posted a sales growth of 2 percent in Q1 2012.