Glaxo to buy Novartis stake in consumer healthcare JV for $13b

Glaxo to buy Novartis stake in consumer healthcare JV for $13b

A GlaxoSmithKline logo is seen outside one of its buildings in west London, February 6, 2008. REUTERS/Toby Melville/File Photo

GlaxoSmithKline Plc, the UK pharmaceutical giant, agreed to buy Novartis AG’s stake in its consumer healthcare joint venture in a $13 billion deal a week after withdrawing from the bidding for Pfizer Inc.’s consumer unit.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter