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Benzinga
Benzinga
Technology
Shanthi Rexaline

GSK Confirms Consumer Healthcare Unit Spin-off: What Investors Should Know

GSK Haleon NYSE Pfizer GlaxoSmithKline Plc United States

Close on the heels of an M&A deal, GlaxoSmithKline plc (NYSE:GSK) confirmed the spin-off of the consumer healthcare business it jointly owns with U.S. pharma giant Pfizer, Inc. (NYSE:PFE).

What Happened: GSK said it is spinning off its consumer healthcare business into an independently-traded public company, named Haleon, a regulatory filing on Wednesday showed.

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