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Novartis AG's OTC and GSK Consumer Healthcare to form joint venture

Tuesday, 22 Apr 2014 01:00am EDT 

Novartis AG:Says agreed with GSK to create consumer healthcare business through joint venture between Novartis OTC and GSK Consumer Healthcare.Upon completion, Novartis to own 36.5 pct share of joint venture and to have four of eleven seats on joint venture's Board.Novartis to have customary minority rights and exit rights at pre-defined, market-based pricing mechanism. 

Company Quote

-0.15 -0.16%
11:31am EDT