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Article: GlaxoSmithKline to Acquire the Leading Dry Mouth Brand, Biotene.
- Article from:
- Biotech Week
- Article date:
- November 5, 2008
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GlaxoSmithKline (NYSE:GSK) Consumer Healthcare announced that it has reached an agreement with Laclede, a privately held company, to purchase the leading Dry Mouth brand Biotene(R) for $170 million. The transaction is subject to regulatory review by competition authorities in the United States and Europe, and is expected to complete by early 2009 (see also GlaxoSmithKline).
"The acquisition of Biotene extends our portfolio in therapeutic oral healthcare to include a proven treatment for Dry Mouth," said John Clarke, President, GSK Consumer Healthcare. "This opportunity leverages our global capability with dental and medical professionals and is a further step ...