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Business
Sun Acquires GSK’s Opiate Operations
by Jean-François Tremblay
March 9, 2015
| A version of this story appeared in
Volume 93, Issue 10
India’s Sun Pharmaceutical Industries has agreed to acquire GlaxoSmithKline’s Australian opiates business. The business supplies active ingredients extracted from poppies grown in Tasmania and includes plants in Tasmania and Victoria. GSK said it no longer considers opiate ingredients a core business. Sun will offer to employ GSK staff affected by the transaction.
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