Monday, February 23, 2015

Novartis AG wins approval to buy GSK cancer drugs with conditions

Swiss drugmaker Novartis' logo is seen at the company's plant in the northern Swiss town of Stein WASHINGTON (Reuters) - Novartis AG has won U.S. antitrust approval to buy GlaxoSmithKline’s oncology drugs with conditions, the Federal Trade Commission said on Monday. To win approval for the $16 billion deal, Novartis agreed to divest assets related to its BRAF and MIK inhibitor drugs, now in development to fight melanoma and other cancers, the agency said. (Reporting by Diane Bartz; Editing by Kevin Drawbaugh)








via Health News Headlines - Yahoo News http://ift.tt/1D3HLtN

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