20th Jan 2016 21:32
LONDON (Alliance News) - Drugmaker GlaxoSmithKline PLC is understood to be in talks to set up a joint venture with US chipmaker Qualcomm Inc to develop new technologies for the pharmaceutical industry, the Financial Times reported.
Glaxo has hired lawyers to help negotiate the terms of the tie-up, the FT said, citing sources familiar with the matter.
The details of the link-up remain unclear, but the FT said it is understood it would focus on pooling resources to develop new technologies to be used in the pharmaceutical sector.
https://next.ft.com/content/3907e8a8-bf9b-11e5-846f-79b0e3d20eaf
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Glaxosmithkline