Freshfields Bruckhaus Deringer and Hogan Lovells are helping Swiss pharmaceutical giant Novartis undergo a massive restructuring involving a series of transactions worth more than $20 billion. The move will see the company boost its oncology portfolio while shedding some of its underperforming assets.
The transactions include a joint venture with fellow pharmaceutical giant GlaxoSmithKline. Novartis has agreed to pay up to $16 billion for an oncology business from GSK, which will then buy most of Novartis’ vaccines portfolio for as much as $7.1 billion, while the two companies will also combine their consumer health care businesses. Novartis is also selling its animal health business to Eli Lilly and Company for roughly $5.4 billion.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
