Name change for GlaxoSmithKline

With two months to go before GSK spins off its consumer healthcare arm, the company has announced a name change from GlaxoSmithKline to the three-letter acronym it is widely known by, GSK.

The more streamlined moniker for the pharmaceutical and vaccines arm of the business, comes three months after it was revealed that Haleon would be the new name for the demerged consumer healthcare company.

It's been more than 20 years since Glaxo Wellcome and SmithKline Beecham merged to become GlaxoSmithKline. In a statement released yesterday (Tuesday), GSK said the change had already taken effect.