Novartis/GSK Cancer Deal Gets FTC OK Based On Existing Divestments
This article was originally published in The Pink Sheet Daily
Novartis’ transfer of Phase III BRAF and MEK inhibitors to partner Array BioPharma satisfies Federal Trade Commission’s anticompetitive concerns; no divestiture yet announced for GSK acquisition of Novartis [See Deal]vaccines.
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Following Novartis’ oncology deal with GSK, which included another MEK inhibitor, Array anticipates getting the asset back for itself. Novartis would be obliged to continue supporting Phase III studies, Array says, as part of a pipeline update in second-quarter earnings call.