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Novartis AG

Novartis AG

Glaxo is Selling its Rights to its Autoimmune Treating Drug to Novartis for $1 Billion, Divests its Remaining Rights in the Drug

GlaxoSmithKline Plc has just announced that it will be selling its rights in ofatumumab, a drug that treats autoimmune disease, including multiple sclerosis, to Novartis AG for more than $1.03 billion, according to a press release issued by Glaxo.

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