Biotech & Pharma

Novartis to divest India unit to private equity-led consortium for $159M

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Novartis has agreed to sell its Indian generics and prescription drugs unit to a private equity-led consortium for $159 million, as part of a broader strategy review. This move underscores the company's focus on core businesses and divesting less strategic assets. Content creators should note this trend towards consolidation and strategic asset divestment in the pharmaceutical industry.

Read the full article at Endpoints News

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