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GSK update regarding Pfizer Inc. Consumer Healthcare

GlaxoSmithKline plc (LSE/NYSE: GSK) today confirms it has withdrawn from the process relating to Pfizer’s Consumer Healthcare business.

Emma Walmsley, Chief Executive Officer, GSK said:

“While we will continue to review opportunities that may accelerate our strategy, they must meet our criteria for returns and not compromise our priorities for capital allocation.”

ENDS

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