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EU OKs Eli Lilly's $5.4B bid for Novartis division

2014-10-04 01:05:37| Biotech - Topix.net

The European Union's antitrust authority says it has approved the $5.4 billion sale of Novartis' animal health division to U.S. pharmaceutical firm Eli Lilly. The 28-nation bloc's executive Commission said Friday the sale won't hinder competition because the merged firm will continue to face a number of strong competitors.

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Category:Biotechnology and Pharmaceuticals

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