GlaxoSmithKline PLC wants to retain the full value of its ownership in ViiV Healthcare , the HIV-focused subsidiary it owns in a joint venture with Pfizer Inc. and Shionogi & Co. Ltd. As a result, the company is no longer considering an initial public offering for a minority stake in the business, management said during a business overview May 6.
ViiV IPO Plans Ditched By GSK; New Plan Is To Retain Value
The British health care company has decided not to spin out a minority stake in its fast-growing HIV joint venture, in part because of feedback from investors against the idea.
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