GlaxoSmithKline (GSK), a British pharmaceutical multinational, has quit Kenya four months after its market-shaking exit from Africa’s largest economy, Nigeria.

In what appears to be a global restructuring of its business model, the company which produces prescription drugs and vaccines is set to adopt a distributor-led model to supply the country, a similar approach adopted in Nigeria in August.

GSK hinted that the operation at Nairobi’s Industrial area plant will remain open under GSK’s stand-alone affiliate, Haleon. According to a local news outlet in Kenya, this consumer healthcare venture deals in products like Sensodyne and Panadol.

GSK in July spun off the consumer healthcare business and listed it separately as Haleon in shake-up to focus on the lucrative prescription drugs and vaccines business, which has brands like Augmentin, Zentel and Ventolin.

“The production facility in Kenya is a Haleon facility, and is not the subject of the update that GSK gave in Kenya this week,” GSK said.

Read also GSK’s industrial exodus: Effects, lessons and solutions

“We announced that for our GSK business, we would move to a direct distribution model. This means that instead of having a GSK commercial operation in the country we will supply our medicines and vaccines through a third party.”

The exit of GSK comes as the firm races to overhaul its global business in shifts that led to the spin-off the consumer health unit.

Source: https://businessday.ng/news/article/gsk-quits-kenya-4-months-after-nigerias-exit

Nigerian "Incompetent" politicians strike again!

Pushes GSK out of Kenya.

Elections have consequences.

Obidient foolish Ipob will claim na Tinubu affect to close on Kenya

Zombies are rejoicing
They are always happy to hear bad news about other countries as if that makes their miseries any better
I never knew Nigeria was aspiring to be like Kenya

They'll still blame Tinubu for this

Kukutente23:

Zombies are rejoicing
They are always happy to hear bad news about other countries as if that makes their miseries any better
I never knew Nigeria was aspiring to be like Kenya

You are the zombie.

When GSK left Nigeria, una cry to heaven say na Tinubu pursue them.

Now they are leaving Kenya, should we also blame Tinubu?

IPOB and Obidients would soon blame Tinubu for the closure as well.
The review of the Kenya operations comes nearly five years after the pharmaceutical giant announced it was cutting back operations in Africa.

In what appears to be a global restructuring of its business model, the company which produces prescription drugs and vaccines is set to adopt a distributor-led model to supply the country, a similar approach adopted in Nigeria in August.

GlaxoSmithKline (GSK), a British pharmaceutical multinational, has quit Kenya four months after its market-shaking exit from Africa’s largest economy, Nigeria.

In what appears to be a global restructuring of its business model, the company which produces prescription drugs and vaccines is set to adopt a distributor-led model to supply the country, a similar approach adopted in Nigeria in August.

GSK hinted that the operation at Nairobi’s Industrial area plant will remain open under GSK’s stand-alone affiliate, Haleon. According to a local news outlet in Kenya, this consumer healthcare venture deals in products like Sensodyne and Panadol.

GSK in July spun off the consumer healthcare business and listed it separately as Haleon in shake-up to focus on the lucrative prescription drugs and vaccines business, which has brands like Augmentin, Zentel and Ventolin.

“The production facility in Kenya is a Haleon facility, and is not the subject of the update that GSK gave in Kenya this week,” GSK said.

“We announced that for our GSK business, we would move to a direct distribution model. This means that instead of having a GSK commercial operation in the country we will supply our medicines and vaccines through a third party.”

The exit of GSK comes as the firm races to overhaul its global business in shifts that led to the spin-off the consumer health unit.

GSK turned down a £50 billion bid from Unilever for the unit at the end of last year, arguing that it undervalued the company.

The review of the Kenya operations comes nearly five years after the pharmaceutical giant announced it was cutting back operations in Africa.

It stopped marketing medicines to healthcare professionals in 29 sub-Saharan African markets but continued running local operations in Kenya and Nigeria while retaining representative offices in Cote d’Ivoire and Ghana.

In Kenya, GSK has made a bigger impact with its malaria and HIV/Aids drugs and antibiotics such as Augmentin and Panadol.

The pharma created the groundbreaking malaria vaccine, Mosquirix, piloted in Kenya last year, aimed at taming deaths, especially among children.

Its exit follows disappointing sales for many regional multinational pharmaceutical companies in the face of competition from cheaper generics from India and locally manufactured medicines.

May God help them

According to headless Mobs, Kenya is finished, investors are running away because their economy is dead. Make Pand¤ra Obi come open e gutter mouth dey talk say GSK commot Kenya becos of perceived negative growth. Agulu wailers.

trutharena:

You are the zombie.

When GSK left Nigeria, una cry to heaven say na Tinubu pursue them.

Now they are leaving Kenya, should we also blame Tinubu?

Don't be daft pls
They left Nigeria due to unfavorable business climate just as they just left Kenya.
Nigerians should blame Tinubu for them leaving
While Kenyans should blame Ruto
One does not absolve the other for any sane mind
Bad leadership is bad leadership

Watch agbadorians rejoice that not only naija dey complain
Watch them justify their slave masters with this news, and spill thrash with saliva gushing from their mouth...

Kukutente23:

Zombies are rejoicing
They are always happy to hear bad news about other countries as if that makes their miseries any better
I never knew Nigeria was aspiring to be like Kenya

Why you no dey drop tears for Kenya?.

Kukutente23:

Don't be daft pls
They left Nigeria due to unfavorable business climate just as they just left Kenya.
Nigerians should blame Tinubu for them leaving
While Kenyans should blame Ruto
One does not absolve the other for any sane mind
Bad leadership is bad leadership

Illiterate read why they left. It was because of their own restructuring.

In what appears to be a global restructuring of its business model, the company which produces prescription drugs and vaccines is set to adopt a distributor-led model to supply the country, a similar approach adopted in Nigeria in August.

Pakute:

Why you no dey drop tears for Kenya?.

Do you do zombie work for Kenyan govt?

I can see mumu supporters of that Aso Rock thief suddenly finding their voice.

To them, if GSK is leaving a smaller economy like Kenya with a population of barely 50m it then justifies GSK leaving the largest economy in Africa with a population of over 200m.

Some Agbado supporters are born foolish, I swear
.

trutharena:


Illiterate read why they left. It was because of their own restructuring.

You're the illiterate.
The are adopting that model in regions where their market does not support full roll out and manufacturing. It's a question of cost benefit.

Kukutente23:

You're the illiterate.
The are adopting that model in regions where their market does not support full roll out and manufacturing. It's a question of cost benefit.

They’ve started this since 2018. Their business model got restructured.

Twitter left Ghana when Elon Musk took over, was that because of cost benefit too?

Why then are you people blaming Tinubu?

Kukutente23:

Don't be daft pls
They left Nigeria due to unfavorable business climate just as they just left Kenya.
Nigerians should blame Tinubu for them leaving
While Kenyans should blame Ruto
One does not absolve the other for any sane mind
Bad leadership is bad leadership

Only emptyheaded buffons would blame the leadership of a country for a decision of a company to restructure into distribution model. A model that's driven by dollar profits.

Let Obi come and tell us if they voted APC in kenya too

Peter Obi will soon hold a local press conference, to tell his cockroach brain followers how Tinubu is killing consumption to production in far away Kenya. Ndi Ala

trutharena:


They’ve started this since 2018. Their business model got restructured.

Twitter left Ghana when Elon Musk took over, was that because of cost benefit too?

Why then are you people blaming Tinubu?

I guess you're still not grabbing
The business model is for countries where their market returns have plummeted in real terms.
The low purchasing power of consumers coupled with high cost of production and weak currency is making them reconsider the benefits of having boots on ground.
The attendant loss of jobs and revenue is not good for concerned countries.
On the other side, twitter ignored Nigeria and went to Ghana initially remember?

Pakute:

Only emptyheaded buffons would blame the leadership of a country for a decision of a company to restructure into distribution model. A model that's driven by dollar profits.

Only nitwits with dementia will not realise fall in dollar profits is a sign of weak currency and depreciation in purchasing power. I guess those two indicators have nothing to do with leadership of a country concerned.

trutharena:
Nigerian "Incompetent" politicians strike again!

Pushes GSK out of Kenya.

Elections have consequences.

Are you not ashamed of yourself??

Go compare Nigeria with Kenya nau...since you Apc cr!m!nals have reduced this country to zero

Kukutente23:

I guess you're still not grabbing
The business model is for countries where their market returns have plummeted in real terms.
The low purchasing power of consumers coupled with high cost of production and weak currency is making them reconsider the benefits of having boots on ground.
The attendant loss of jobs and revenue is not good for concerned countries.
On the other side, twitter ignored Nigeria and went to Ghana initially remember?

Let me ask you one quick yes or no answer.

Did GSK leave Nigeria because of Tinubu regime? Yes or No?

Ozommadu:


Are you not ashamed of yourself??

Go compare Nigeria with Kenya nau...since you Apc cr!m!nals have reduced this country to zero

Ha I thought Kenya is better than Nigeria.

Don’t you guy say Nigeria is the worst country in the world? So why won’t we celebrate when we are being compared to almighty Kenya?

trutharena:


Ha I thought Kenya is better than Nigeria.

Don’t you guy say Nigeria is the worst country in the world? So why won’t we celebrate when we are being compared to almighty Kenya?

And you just did that, celebrated.

Now clap for yourself

trutharena:


Let me ask you one quick yes or no answer.

Did GSK leave Nigeria because of Tinubu regime? Yes or No?

Yes

Watch as some people will celebrate this and use it as excuse for the economic situation in Nigeria.


And you begin to wonder what happened to their ability to reason.


It's like Igbo people celebrating insecurity because NE also has Boko Haram