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GSK wants to expand its R&D facilities in England with a new $ 550 million plan from Reuters

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© Reuters. PHOTO OF THE FILE: The logo of the pharmaceutical company GlaxoSmithKline is displayed at the Stevenage facility in the UK on October 26, 2020. REUTERS / Matthew Childs

(Reuters) – Britain’s GlaxoSmithKline (NYSE 🙂 on Friday set out plans to set up a new life sciences campus at its R&D site in Stevenage, England, raising £ 400 million ($ 552.76 million) by selling some land at the facility.

The pharmacist said he hopes to select a private sector developer this year, and that they will begin work on the project in 2022.

($ 1 = 0.7236 pounds)

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