19 Dec 2018 --- Pharma heavyweights GlaxoSmithKline plc (GSK) and Pfizer Inc. have reached an agreement to combine the two companies’ consumer health businesses into a “new world-leading” Joint Venture, with combined sales of approximately £9.8 billion (US$12.7 billion). As a result of this JV, GSK intends to split into two businesses in the next three years – for prescription drugs and vaccines and for OTC products, including vitamin and mineral supplements. GSK is to hold a majority controlling equity interest of 68 percent, while Pfizer will have an equity interest of 32 percent in the Joint Venture.