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GSK Consumer, Hindustan Unilever to terminate distribution agreement for OTC products including Crocin

Ruchika SharmaWritten by Ruchika Sharma Published On 2022-11-10T16:00:59+05:30  |  Updated On 10 Nov 2022 4:01 PM IST
GSK Depemokimab applications accepted for review in China, Japan for asthma with type 2 inflammation, CRSwNP
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As per the agreements, the one-year notice period for termination shall commence from November 9, 2022, it added.

New Delhi: FMCG major Hindustan Unilever Ltd (HUL) and healthcare firm GSK have mutually decided to terminate their agreement for selling of Over-the-Counter (OTC) and oral care products. The agreement was for brands such as Crocin, Eno, Iodex, Ostocalcium, Otrivin, and Sensodyne, which were owned by GSK.

These brands were distributed by GlaxoSmithKline Consumer.
After HUL acquired GlaxoSmithKline Consumer in 2020, it entered into a distribution agreement with GSK to sell these OTC and oral care products.
"The company, GSKAPL, and GSKCPL have mutually agreed and expressed their intention to terminate the agreements with effect from 8th November 2023," said HUL.
As per the agreements, the one-year notice period for termination shall commence from November 9, 2022, it added.
"This shall not have any material effect on the operations of the company," it added.
In December 2018, GSK Consumer Healthcare announced its merger with HUL in an all-stock deal at a valuation of the Indian unit of GSK at Rs 31,700 crore

Read also: GSK marketing authorisation application for RSV older adult vaccine accepted by EMA under accelerated assessment

Established in 2000, GSK is a British multinational pharmaceutical and biotechnology company headquartered in London, England.


Hindustan UnileverGSKGSK newsCrocinEnoIodexOstocalciumOtrivinSensodyneGlaxoSmithKline Consumer
Source : with inputs
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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