Monday, September 1, 2014   

GSK to sell oncology arm to Novartis
(04-22 14:22)

British pharmaceutical giant GlaxoSmithKline is to sell its oncology business to peer Novartis for US$16 billion and to buy the Swiss company's vaccines division, GSK announced on Tuesday.
Under a "major three-part transaction'' GSK and Novartis have agreed also to create a consumer healthcare business, according to a statement issued by GlaxoSmithKline. --AFP
   
Other Business breaking news:
Macau gaming revenue down in August (2 mins ago)
Germany runs up surplus in first half (24 mins ago)
CaixaBank to buy Barclays Spain operations (40 mins ago)
Nikkei ends higher (1 hr 3 mins ago)
Hang Seng flat by break (09-01 12:13)
China manufacturing growth slows in August: surveys (09-01 11:53)
Samsung to merge shipbuilding, engineering units (09-01 11:52)
Nikkei up at midday (09-01 11:52)
Eurozone inflation falls in August (08-29 17:39)
Hang Seng finishes flat (08-29 17:02)

More breaking news >>

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