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Novartis To Pay $125 Million To Acquire Chinese Vaccine Maker

This article was originally published in PharmAsia News

Executive Summary

SHANGHAI - After disclosing this week that the company intends to channel a remarkable $1 billion into expanding an R&D center in Shanghai, Novartis revealed that it will pay $125 million to acquire an 85 percent stake in Zhejiang Tianyuan, the second-largest H1N1 vaccine provider in China

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