GlaxoSmithKline To Invest $216 Million In New Factories, R&D

Published: Mar 31, 2014

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REUTERS - Drugmaker GlaxoSmithKline (GSK.L) plans to invest up to 130 million pounds in Africa over the next five years as chronic diseases become more common among the continent's swelling urban middle classes.

The decision reflects the draw for the pharmaceutical industry of the region's rapid economic growth and rising demand for treatments for non-communicable diseases (NCDs) like heart and lung disorders, diabetes and cancer.

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