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Evening Standard
Evening Standard
Business
Michael Hunter

GSK unveils £1.6 billion deal to buy Canadian medicine maker Bellus Health and its blockbuster cough drug

GSK

GSK announced plans today to spend £1.6 billion on buying Canadian drug maker Bellus Health in a move that will help revitalise the City’s reputation for dealmaking while bringing a potential blockbuster cough treatment to the FTSE 100 company.

The $2 billion shot in the arm for the capital comes after a recent quiet spell for mergers and acquisitions added to worries about its status as a major international M&A venue.

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