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Nairaland Forum / Nairaland / General / Health / Glaxosmithkline Ends Operations In Nigeria, After 51 Years (37972 Views)
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Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Dshocker(m): 3:38pm On Aug 04, 2023 |
Tinubu, na you cause this one |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Chetas81(m): 3:41pm On Aug 04, 2023 |
Congratulations for doing well |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by OblorOblor: 3:41pm On Aug 04, 2023 |
Ebola! |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by ultimateprof: 3:41pm On Aug 04, 2023 |
Tinubu is working while Nigerians are suffering! |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by GiZcorp: 3:43pm On Aug 04, 2023 |
taylor88: |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Jcomtrader: 3:44pm On Aug 04, 2023 |
ecolime: Noticed same. Young doctors with less than 5 years experience 2 Likes |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by casualobserver: 3:46pm On Aug 04, 2023 |
HNICEARTH: My friend you are the ignoramus. GSK globally as a company has been having problems for a long time. Their drug pipeline and drugs under patents have been shrinking. They even had to sell their Lucozade and Ribena business some years ago to help restructure their business. Like I said the problem with GSK is they don’t have enough drugs under patent. Stop viewing g everything Nigeria as bad news. You should be celebrating that Nigerian companies are effectively competing with foreign pharmaceuticals to they point where our local companies are driving them out of business and keeping the profits in Nigeria. Name a drug/vaccine GSK sell in Nigeria and I will tell you the generic equivalent either manufactured in Nigeria or Imported from India. This pull out is not about Nigeria but about the uncompetitiveness of GSK. Like I said the fact that a local pharmaceutical Fidson has a staff strength of 219 compared to the 280 for a big multinational GSK with all their power and might tells you they never had or had lost market share in Nigeria. Be it pharmaceuticals, FMCG we should all be celebrating that local manufacturers are coming of age and driving the multinationals away. Be it things like yoghurt, soft drinks, beer, medicines, soaps, edible oil, foodstuffs etc, Nigerian manufacturers are coming of age, holding their own and beating the multinationals and driving them out of the country. 6 Likes |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by maivd: 3:49pm On Aug 04, 2023 |
DaddyFreeze2020:Typical okoro chest beaters. 1 Like |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by mipeesoft(m): 3:49pm On Aug 04, 2023 |
Since Obi and obidents are the reason why tinubu is mocked in Niger, this may also be the reason why gsk is shutting down in Nigeria References: |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Nobody: 3:54pm On Aug 04, 2023 |
References: So many people have lost their jobs like that |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Jman06(m): 3:54pm On Aug 04, 2023 |
This is why the federal government should immediately implement the national drug distribution guidelines (NDDG) and ensure that the coordinated wholesale centers (CWCs) replace the current open drug markets system. Doing the above will ensure quality control of drugs being imported and distributed in Nigeria by government regulatory agencies such as PCN, NAFDAC, SON etc. The current system gives room for any foreign pharma company to dump whatever products they have into the open drug markets! This has contributed to the declining quality of healthcare delivery and life expectancy in the country. Government seriously need to take drastic actions to close all the open drug markets and ensure that foreign pharma companies stop seeing Nigeria as dumping ground for unwholesome products. |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Ecos(m): 3:54pm On Aug 04, 2023 |
taylor88:Savage Men |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Zimzim2000: 3:54pm On Aug 04, 2023 |
It's very likely some people here are recruited by the APC to write all these disparaging remarks as to make it look like as if the obidients are behind it. This is clearly a setup |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by alizma: 3:56pm On Aug 04, 2023 |
taylor88:When was the last time you bought panadol? 4 Likes |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by enemyofprogress: 3:57pm On Aug 04, 2023 |
Tinubu you see your life? |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by AK481(m): 3:58pm On Aug 04, 2023 |
taylor88: Before tinubu came ,they made profit and was investing well .650millions profit after tax. 1 Like
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Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Laheelow(m): 3:58pm On Aug 04, 2023 |
The end of an era. I remember that year when GlaxoSmithKline was birthed through the merger of GlaxoWellcome and SmithKline Beecham. Children of nowadays can never understand. 🤣🤣🤣 3 Likes |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by vannessa7(f): 3:59pm On Aug 04, 2023 |
casualobserver: Thanks for this, my first thought after reading the thread was how everywhere is filled with paracetamol, karaole, alabunkun, and many other analgesic, so many brand of amoxicillin everywhere, but the the thoughtless, hate filled, illiterates have already started dropping their poo all over the thread, doing what they know how to do best. General nuisance and obnoxious. 5 Likes 1 Share |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by samwillyco1(m): 4:01pm On Aug 04, 2023 |
APC effect 1 Like |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by gmo10(m): 4:02pm On Aug 04, 2023 |
taylor88: |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by nedekid: 4:02pm On Aug 04, 2023 |
No wonder drugs are disappearing from the shelfs. If you doubt, look for eg Augmentine, colchicine to buy. I bought augmentin 1mg for 18k yesterday. 1 Like |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Brownshoe: 4:03pm On Aug 04, 2023 |
I see! Doctor prescribed Augumentin for, i could not get it, the pharmacist said if I should come across it, it won't be less than 15k I shout. 1 Like |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Ezmans: 4:05pm On Aug 04, 2023 |
mariahAngel:nigeria is not a good enviroment to produce goods |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by obyno82: 4:08pm On Aug 04, 2023 |
YouAreNobody: Don't mind the dimwit, always talking nonsense. |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by MeineMutter: 4:11pm On Aug 04, 2023 |
raskymonojendor: It’s not because they can’t produce at low cost. It’s because GSK doesn’t bri.be.l and there Asian companies do without blinking eyes. It’s one the reasons P&G left Nigeria. I worked with GSK for over 10 years as a senior manager and I know the system like the back of my hands. With the level of Naira falling, the products would be too costly for Iberians to buy because GSK builds one of the best pharmacies products in the world. We shouldnt forget that the company has billions stock in Nigerian banks which it hasn’t been able to repatriate, for years, due to our CBN policy. I was sad when I was briefed that there would be an all hands meeting yesterday because I already knew that would be the outcome of the meeting. I really miss my company. 6 Likes 1 Share |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Enice(m): 4:11pm On Aug 04, 2023 |
ecolime:it's not about Nigeria but the business model they want to operate. Mass produce the product in one factory and distribute it worldwide. Production cost is reduced as economics of scale sets in. 4 Likes 1 Share |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by obyno82: 4:12pm On Aug 04, 2023 |
casualobserver: dude before you start yapping nonsense, why not look at the value chain in the pharmaceutical business for a country like Nigeria 290 is far okay considering the multiplier effect in indirect jobs and the pharma industry has a high emphasis on Quality control standards, so it is not about employing a large workforce, but ensuring lean manufacturing by way of Automation. Astra Zeneca doesn't have as much employees as Heineken Netherlands. The issue is that the company through indirect jobs employs maybe up to 900 staff. The issue is that the harsh business environment is impacting everyone, so please stop this feeble attempt at downplaying the situation we are in. 3 Likes |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by obyno82: 4:14pm On Aug 04, 2023 |
casualobserver: Please tell me which Nigerian pharmaceutical company can compete well with GSK, please do not mention Fidson because they themselves too are also in this shit situation as well. 3 Likes |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by HNICEARTH: 4:14pm On Aug 04, 2023 |
casualobserver: Well done mr. Ignoramus. Dont digress into GSK selling off a portfolio and all that. That's not the bone of contention. Your line of arguement is that a big company like GSK having a staff strength of 290 is poor. Dont run away from that. I still went ahead and schooled you on what were the basic rudiments in production. We've been there, we've done that. The type of you will never succeed in production. Send a proposal to BOI with this mentality, and see how it will be trashed with the speed of light. However, I will still go ahead and engage you in your new line of arguement. GSK nigeria has a production plant in nigeria. The organisation is managed by nigerians. Most shareholders are nigerians and the company is a player in the NSE. you are now comparing such an organisation to a one man business that import drugs from india or china and give to graduates on the streets to sell. You are definitely on colos First off, importing from india and china means we are outsourcing the most knowledge based and critical part of pharma jobs to china and india. We are not adding value to the production value chain. We only succeed in keeping Indians and chinese employed. Same time wasting our hard earned forex while making india and china richer. Those companies that import from china and india, pls mention any one of them that is a player in NSE. none! In the Nigerian pharma industry, GSK are basically at the top when it comes to employee enumeration and welfare. They are top shelf. None of those mushroom companies who import pay their staff as half as GSK. Not to talk about car policies for the field reps and other welfare packages. No matter how expensive their brands are and the competition there in, they still remain the brands of choice in all states and federal teaching hospitals, in all FMCs, in all boutique private hospitals and in all boutique pharmacies nationwide. Their business model was never to sell to 200m nigerians, they are out to service only the elites. That's why their products are best in class. You can name 50 brands of antibiotic that you will think they are in competition with augmenting, but when your elites fall sick, they will insist on paying 17k for GSK branded augmenting than paying 3k for those unknown brands imported from china and india. It is what it is! Rolls royce is not meant for all. It's a business model 6 Likes 1 Share |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Multiversed: 4:15pm On Aug 04, 2023 |
Ahh My Panadol Extra oOo That's my Best and Most Effective drug for Normal and Migraine Headache. Anytime I feel any type of Headache, Once I use Just two Tablet of Panadol Extra, The Headache will disappear in few Minutes. Seems I will go and buy like Two Packs now oOo😧 1 Like |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by MTNnews: 4:16pm On Aug 04, 2023 |
Only Igbo sell drugs in Nigeria now DaddyFreeze2020: |
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Brownshoe: 4:16pm On Aug 04, 2023 |
Don't blame Nigeria economy for this @ casualobserver as enlighten us, they are having internal issues. 2 Likes |
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