- GSK plc is spinning off a separate company for its consumer healthcare business.
- The new company, named Haleon, is expected to start trading in London on 18 July.
Pharma giant GSK plc (LON: GSK), which was previously known as GlaxoSmithKline plc, had in February announced that it would demerge its consumer healthcare business into a separate arm called Haleon. The new company is expected to be listed on the London Stock Exchange on 18 July, according to FTSE Russel.
Haleon will offer consumer healthcare products in categories including - Oral Health, Respiratory Health, Digestive Health, Pain Relief, VMS, and others. Its portfolio will include brands like Sensodyne, Centrum, Voltaren, and Panadol, among others. The brands are expected to generate about £10 billion in annual revenue through sales.