Just imagine someone losing his/her job in this hard times! Omo e no go easy for their staffs o. Another influx of jobless persons

APC is a curse to Nigeria.
They are killing Nigerian businesses, now the druglord wants to invade Niger Republic to keep the French Colonists happy

Augmented Permanent Curse (APC)

[quote author=References post=124876966][/quote]

The only one that attracted me out of all their products is Andrew’s Liver Salt

Tuyil in Ilorin can do better than them.

I love Andrew’s Liver Salt

Ha!!!!

Then don tire to buy diesel. What APC and Buhari cannot destroy does not exist.

ecolime:

This means the operating environment is harsh and not conducive enough for their operations.

But not harsh enough for sales.

I don't blame them (it's hard to do business in Nigeria).

IconicR:
I hope it has nothing to do with Asiwaju 😂😂😂😂😂

i know u can read.

APC destroyed Nigeria. This is very bad news for the country.

allthingsgood:


i know u can read.

No, I can't.

mariahAngel:
They no longer want to operate in Nigeria, but still want to sell their products through a 3rd party distributor?

Does it mean you don't understand this simple statement?

[quote author=References post=124876966][/quote] wait oo .is it that they can not face competition ni.
I use to think Gsk is a south African company

DaddyFreeze2020:
The Igbos will start importing their products and selling at a higher price to Nigerians, while the Federal Government turns a blind eye to fixing the reasons why they left Nigeria

The Igbos will benefit massively from this, while their Yoruba counterparts in SW will keep prostrating to Tinubu to give them their daily bread after insulting the Igbos

Nothing to fix. They should go

mariahAngel:
They no longer want to operate in Nigeria, but still want to sell their products through a 3rd party distributor?

Its the negative effects of our nose-diving forex

References:




https://www.thecable.ng/gsk-nigeria-shuts-down-operations-to-return-capital-to-shareholders/amp

290 workers will be out of work Jesu Now wa everywhere they like this Chia!!!

Make them go…we go package Agbo….we don’t need third party.

My heart goes to those staff whose livelihood depends on the company operations.

With this, I’m certain they already have certain information, of an impending danger to come.

Hope Russian submarine never surround Nigeria 🌚

jice:
Does it mean you don't understand this simple statement?

Duh! 🙄

[quote author=References post=124876966][/quote]

No wonder, ventolin ihalers are scarce

They'll go to SA or more business friendly nations.
Nigerians should prepare to buy panadol at exorbitant prices.
Augmentin was already costly anyways.

mariahAngel:
They no longer want to operate in Nigeria, but still want to sell their products through a 3rd party distributor?

Running cost is now on 3rd party distributor. Multiple taxation is now on 3rd party distributor. sourcing for FX is now on 3rd party distributor.

3rd party distributor pays them ahead for product in USD, they ship product to 3rd party distributor. He is now left with the stress of how to navigate the harsh economic and business environment.

The most they might likely do is to provide some kind of technical support ( such as product info) to the 3rd party distributor.

Even UK, their home country, is having a very rough patch with high inflation, chaos in their NHS and rising costs of doing business thereby reducing their profits and making their products less competitive.

In the spate of 50 years, most of GSK's innovator brands have exhausted their period of exclusive monopoly as there are now generic forms of the API are now available. GSK is a picture of how UK is right now; a shadow of its old self. Knowledge has now been democratised, UK needs to step up and create new molecules/API.

Nigerian Pharmacists are doing great and may really not miss GSK.

A whole GSK employs ionly 290 people? doesnt that show that they dont have much of an impact in the economy? Like Unilever a few weeks ago, the truth is much of their business has been taken over by domestic companies. In the case of GSK, much of their medicines are out of patent. Every dick and harry is manufacturing pain killers and generic anti-biotics, we see their adverts all the time on youtube or tv. people are complaining that Augmentin has gone up but Augmentin is merely a brand name for amoxicillin/clavulanate potassium, there are cheaper generic Amoxicilin in the market because they are out of patent. thats why they are leaving. they do not have enough drugs still under patent.

The way pharmaceutical companies work is this: you do research and develop a medicine. youare granted a patent which may last 10, 20 25 years etc. During that period, the medicine may cost you N100 to produce but you can sell it for N10,000 to recover your r&d costs. Once your patent is over any tom dick and harry can manufacture the same product for N100 and sell it for N200. Nobody is going to see the same product for N200 and pay N10,000 simply because it is manufactured by GSK. Thats the problem with GSK, not that the Nigerian economy is bad.

The departure of these companies is not neccesarily a statement on the state of Nigeria but more a statement of the inability of these companies to compete with cheaper local manufacturers.

Tinubu will destroy the remaining companies we are managing.
Tinubu is a disaster, I swear.

Chai!
Human beings dey Japa!!
Corporate organisations self dey Japa!!!
Which kain wahala be this?

GSK is an effective brand when it comes to drugs. Their products are always very potent. We wish them luck...

Mr EBOLA Tinubu, Renewed Shege, thank you for everything