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Zurich, Switzerland | AFP | Two children who received Zolgensma, a gene therapy produced by Swiss drugmaker Novartis to treat spinal muscular atrophy, have died from liver failure, the company said Friday. Health authorities in Russia and Kazakhstan, where the deaths occurred, have been notified along with those in all countries where the treatment is used, Novartis said in an e-mailed statement. The children died five to six weeks after receiving infusions of Zolgensma and […]
FRANKFURT, Germany (AFP) — The pharmaceuticals sector is facing an intensive period of mergers and acquisitions in the coming years, even if US firms Pfizer and Allergan recently failed to tie the knot, the corporate consultancy firm EY said Monday. “We’re going to see a high level of investments and divestments in the pharmaceuticals sector in the coming years,” said Gerd Stuerz, analyst at EY. In April, Pfizer and Allergan called off a $160-billion (144-billion-euro) tie-up […]
(Reuters) – The purchase of Novartis’ animal-health business will strengthen Eli Lilly’s hand in emerging markets, tapping into growing demand there for protein-rich diets and household treatments for pets, top executives of the U.S. company said. As part of a multibillion-dollar revamp announced earlier on Tuesday, Swiss drugmaker Novartis said it would sell its animal-health arm to Indianapolis-based Lilly for about $5.4 billion, while also swapping assets with GlaxoSmithKline. Lilly said the deal would […]
