GSK In Talks With Qualcomm To Form $1B Med Tech Joint Venture

GSK In Talks With Qualcomm To Form $1B Med Tech Joint Venture

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qualcomm-signIn the present dispensation where machines seem to be taking over not by way of a ‘transformer nightmare’ but by way of technology making a lot of things easier to do in all facets of life.

Popular pharmaceutical company GlaxoSmithKline Plc are said to be in the initial stages of holding talks with Qualcomm Inc on a possible Joint Venture.

Qualcomm Inc is a company that has made its name in the making of computer chips and GSK are looking to form the joint venture in their bid to developing medical technology.

According to Bloomberg, the talks have not gone far and are still at the early stages but there might likely be an agreement as both companies seem to agree on making medical technology better according to sources close to the company that told Bloomberg.

However, GSK refused to make any comments on this development but Qualcomm on the other hand said earlier this month that they were collaborating with Novartis AG to create and test an inhaler patients suffering from chronic pulmonary diseases.

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