GlaxoSmithKline won US antitrust approval buy Novartis AG’s vaccine business

US approves GlaxoSmithKline’s acquisition of Novartis vaccine business

10:05 AM, 28th November 2014
GlaxoSmithKline won US antitrust approval to buy Novartis AG’s vaccine business

WASHINGTON, US: GlaxoSmithKline won US antitrust approval to buy Novartis AG’s vaccine business, with the exception of influenza vaccines, said the two companies. The deal is part of a three-way transaction unveiled in April 2014, which includes Britain’s GSK buying the vaccines business of Novartis, the Swiss company purchasing GSK’s cancer drugs, and the two groups tying up in consumer healthcare. The US Federal Trade Commission had previously announced that it approved the consumer health care joint venture on the condition that Novartis sell its Habitrol nicotine patch.


© Reuters News



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