Novartis Looks to Buy French Firm to Bolster Cancer Portfolio [The New York Times]
ADVANCED ACCELERATOR APPLICATIONS SA AMERICAN DE (AAAP)
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Source: The New York Times
By CHAD BRAY OCT. 30, 2017 Photo A Novartis plant in Stein, Switzerland. The Swiss drugmaker aims to buy Advanced Accelerator Applications of France for $3.9 billion. Credit Arnd Wiegmann/Reuters LONDON — The Swiss pharmaceutical giant Novartis said on Monday that it had offered to buy Advanced Accelerator Applications of France for $3.9 billion in cash, as it seeks to bolster its portfolio of cancer treatments. The acquisition comes amid a slowdown in the value of deals in the pharmaceutical sector this year. Typically, large companies in the industry have made a major impact on merger activity in the wider health care sector, often buying up smaller drugmakers with emerging treatments rather than spending billions of dollars on their own research and development. But the total size of such acquisitions has slowed in 2017, as many big pharmaceutical companies have concentrated on integrating purchases made in rece
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