GSK to sell R&D center in Croatia, signs production deal in U.K.
GSK
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RESEARCH TRIANGLE PARK, N.C. – GlaxoSmithKline (NYSE: GSK) is selling a research and development facility in Croatia and has signed a new production contract for drugs in the U.K. where it continues to plan to build a new plant.
The moves, along with the naming of a new chief financial officer also on Wednesday, are the latest in a series made by Chief Executive Officer Andrew Witty as he continues to reorganize and refocus the drug giant.
GSK is selling the R&D facility in Zagreb, Croatia, to Galapagos.
Financial terms were not disclosed. However, GSK did sign a three-year fee-for-service agreement with Galapagos worth some $20 million.
Approximately 130 GSK workers will be transferred to Galapagos.
For more details, read here.
In the U.K., meanwhile, GSK signed a production agreement with Lonza for five early stage antibodies that are currently in Phase I and II clinical trials.
GSK also is working with Lonza in assessing options for a new biopharmaceutical manufacturing facility to be built within the U.K.
For details, read here.
GSK maintains its U.S. headquarters in RTP.
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