Novartis sells stake in joint venture to GSK for $13 bn

Swiss pharmaceuticals giant Novartis announced Tuesday it will sell its stake its in its consumer healthcare joint venture to Britain’s GlaxoSmithKline for $13 billion (10.4 billion euros). The group said the sale of the 36.5 percent stake will enable it “to further focus on the development and growth of its core businesses.” It said the completion…

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