Novartis, GSK reveal huge deals in global healthcare markets | Bangkok Post: news

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Novartis, GSK reveal huge deals in global healthcare markets

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Swiss pharmaceutical giant Novartis and British group GlaxoSmithKline announced a major shake-up of their healthcare divisions on Tuesday in deals worth billions of dollars. 

British pharmaceutical giant GlaxoSmithKline is to sell its oncology business to peer Novartis for $16 billion and to buy the Swiss company's vaccines division, GSK announced on Tuesday

The string of takeovers and ventures involves three giant healthcare groups and will affect several areas of healthcare, and also animal welfare, in the fast-changing global health sector, including markets in emerging economies.

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