Wednesday, November 4, 2009

Novartis wants China as its No. 3 market

From FiercePharma

"Novartis has upped the ante in China. Today, the Swiss drugmaker said it was buying an 85 percent chunk of the Chinese vaccines maker Zhejiang Tianyuan for $125 million. And that's just one-tenth of what Novartis is planning to spend on beefing up R&D in the country..."

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