Accelerating the pace of engineering and science.

Support the news

Big Pharma Deals Could Reshape Drug Industry05:40Download

Play

Swiss drug maker Novartis is buying British company GlaxoSmithKline's cancer drug business for up to $16 billion.

Novartis is also selling its vaccine business to GlaxoSmithKline for around $7 billion. And the two pharmaceutical giants are forming a joint venture consumer drug business.

These moves, along with some other recent deals in the pharmaceutical business, could reshape the entire drug industry, according to analysts.

Oliver Staley of Bloomberg News joins Here & Now's Jeremy Hobson with details.

Guest

This segment aired on April 23, 2014.

+Join the discussion
Share
TwitterfacebookEmail

Support the news