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GSK And Pfizer Agree To Divest ThermaCare To Win EU Approval For JV

 
• By Tom Gallen

GSK and Pfizer must find a buyer for the global rights to the ThermaCare pain relief brand to receive European Commission approval for their proposed joint venture.

EU Brussels
• Source: Shutterstock

GlaxoSmithKline PLC and Pfizer Inc. have overcome a significant regulatory hurdle in their quest to create the world’s largest consumer healthcare business with the approval of their proposed joint venture by the European Commission. The approval is subject to the sale of the global rights to Pfizer’s leading pain-relief brand ThermaCare to a buyer approved by the Commission.

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