Issue Date: May 25, 2009
Novartis Will Buy Generics Firm
Novartis has agreed to acquire EBEWE Pharma, an Austria-based producer of generic injectable drugs, for $1.2 billion in cash. The deal will broaden the global market for EBEWE's oncology medicines—Novartis' Sandoz unit is the world's second-largest generics company. EBEWE's product line includes generic versions of key cancer drugs, including paclitaxel, epirubicin, methotrexate, and oxaliplatin. EBEWE's neurological products business is not part of the deal.
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