GSK to invest in new factories and drug R&D in Africa

[riky]

GSK to invest in new factories and drug R&D in Africa

<p><a href="http://news.yahoo.com/gsk-invest-factories-drug-r-d-africa-145750575.html"><img src="http://l.yimg.com/bt/api/res/1.2/D1V3uAkPP1DSGQfped3c6w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2014-03-30T145727Z_1007950001_LYNXMPEA2T00W_RTROPTP_2_OZABS-UK-GSK-AFRICA.JPG" width="130" height="86" alt="A GlaxoSmithKline logo is seen outside one of its buildings in west London, ahead of company results" align="left" title="A GlaxoSmithKline logo is seen outside one of its buildings in west London, ahead of company results" border="0" /></a>GlaxoSmithKline plans to make new investments in additional factories and drug research in Africa, its chief executive said on Sunday, as the pharmaceuticals group broadens its bet on promising emerging markets. Andrew Witty said the continent was important for the British company's long-term growth, adding that the investment would create jobs and build up healthcare capacity in a key region. &quot;The transformation of Africa into a successful growth region is one area that we need to focus on,&quot; Witty wrote in the Sunday Telegraph newspaper. GSK, which already makes drugs in Kenya, Nigeria and South Africa, is now looking at sites for additional facilities in countries including Ghana, Ethiopia and Rwanda, a company spokeswoman said.</p><br clear="all"/>

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