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GSK and Novartis complete deals
2015-03-02 10:19:04| Biotech - Topix.net
GlaxoSmithKline and Novartis said on Monday they had completed a series of asset swaps worth more than $20 billion that will reshape both drugmakers. GSK is forming a consumer health joint venture with Novartis, while at the same time buying the Swiss company's vaccines business and divesting its cancer drugs portfolio to Novartis.
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Novartis AG wins approval to buy GSK cancer drugs with conditions
2015-02-23 19:12:54| Biotech - Topix.net
Novartis AG has won U.S. antitrust approval to buy GlaxoSmithKline's oncology drugs, with conditions, the U.S. Federal Trade Commission said on Monday. To win U.S. approval for the $16 billion deal, Novartis agreed to divest assets related to its BRAF and MEK inhibitor drugs, now in development to fight melanoma, the FTC said.
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Swiss drug maker Novartis posts Q4 profit drop
2015-01-27 10:32:29| Biotech - Topix.net
Swiss pharmaceutical giant Novartis AG says fourth quarter net income dropped 26 percent but the company still posted a healthy 2014 annual profit. The Basel, Switzerland-based company said Tuesday that fourth quarter net income came in at $1.49 billion, down from $2 billion in the same quarter the year before excluding its blood-transfusion diagnostics unit, which it sold in 2013.
New year brings change in ownership for Greensboro's Novartis Animal Health
2015-01-21 00:41:38| Biotech - Topix.net
The new year brought new ownership for Novartis Animal Health in Greensboro as it becomes part of the Elanco Animal Health division of Indianapolis-based Eli Lilly and Co . With the change in ownership, Novartis Animal Health was required to shed its Sentinel product line, which offers dogs protection against heartworm and other parasites, but that will have only minimal impacts on the Greensboro operation, an Elanco spokeswoman said.
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Novartis to close Puerto Rico plant and outsource to Eli Lilly
2015-01-19 19:00:54| Biotech - Topix.net
Novartis will close an OTC plant in Puerto Rico by 2019 and transfer manufacturing and packaging actives to sites in the US and facilities operated by Eli Lilly and Virbac. The Swiss drugmaker confirmed it will close its facility in Humacao today, telling in-Pharmatechnologist.com the decision - which will result in the loss of 270 jobs - followed a review of its manufacturing network.
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