Novartis buy of Alcon moves forward, but USA and China competition authorities call for divestments
Swiss drug major Novartis will be required to sell an injectable eye care drug used in cataract surgery as part of a settlement which resolves US Federal Trade Commission charges that Novartis's proposed acquisition of eye-care specialist Alcon - which is also being fought by the latter's independent shareholders - would be anticompetitive (The Pharma Letters passim). Chinese competition regulators also require divestments in order to clear the deal.
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