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Novartis Acquires US Biotech Firm in $12 Billion Deal

The Swiss pharmaceutical giant strengthens its biopharmaceutical portfolio with a major acquisition in the United States.

Summary

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Terms & Concepts
  • Biopharmaceutical: A medical drug produced using biotechnology, often involving living organisms, to target specific diseases or health conditions.
  • Acquisition: The process by which one company purchases and takes control of another company or its assets.