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GlaxoSmithKline is a British pharmaceutical company that research, develop and manufacture innovative pharmaceutical medicines, vaccines and consumer healthcare products. The company was established in 2000 by a merger of Glaxo Wellcome and SmithKline Beecha and is headquartered in Brentford, London. GSK is the world’s ninth-largest independent biotech company operating in more than 150 markets and has a global presence with 99,300 employees working for them. The company has wide network of 87 manufacturing sites and R&D centers in the UK, the US, Belgium and China.
The incremental annual saving delivered was $1.68bn. The total operating profile margin was 9.3%. GSK stricked a core operating profit margin of 27.9%.