Glaxosmithkline (LSE:GSK)
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3 Years : From May 2009 to May 2012
 GlaxoSmithKline PLC (GSK.LN) said Tuesday it has entered into a strategic alliance with Dong-A Pharmaceuticals Co., Ltd., a pharmaceutical and OTC Company in South Korea.
MAIN FACTS:
-As part of the transaction, GSK will acquire a 9.9% minority equity shareholding in Dong-A for GBP73.9 million (KRW 142.9 billion).
-Dong-A has a portfolio of proprietary and generic pharmaceutical products and leading consumer healthcare brands.
-Last year, Dong-A reported total sales of GBP414 million (KRW 801 billion).
-The alliance will initially co-promote selected GSK and Dong-A pharmaceutical products for use in primary care.
-Additional synergies will be explored to strengthen both companies' commercial positions within the Korean pharmaceutical market.
-Under the terms of the agreement the companies will share profits generated from the co-promoted products above pre-agreed baselines.
-A new business unit will be created within Dong-A to manage the collaboration.
-GlaxoSmithKline shares closed Monday at 1187.5 pence.
-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com
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