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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Swiss pharmaceuticals giant Novartis said Thursday it had struck a mutual agreement with Aurobindo Pharma to cancel a deal to sell Sandoz to the Indian firm. "Novartis today announced the mutual agreement with Aurobindo Pharma USA Inc. to terminate the agreement to sell the Sandoz US generic oral solids and dermatology businesses to Aurobindo Pharma USA Inc," the Swiss company said in a statement. "This decision was taken as approval from the US Federal Trade Commission for the transaction was not obtained within anticipated timelines. "Sandoz will continue to operate its oral solids and dermatology business as part of the Sandoz US business." In 2018, Novartis agreed to sell a portfolio of generic drugs in the United States to the US subsidiary of Aurobindo Pharma for $900 million. The transaction involved generic oral medications as well as dermatology activities. While the generic drug market in the United States is experiencing strong price competition, Novartis intended to refocus the US branch of Sandoz on business with higher added value. noo/rjm/wai
schema:headline	Novartis, Aurobindo call off Sandoz sale
schema:mentions	Federal Trade Commission Novartis Switzerland United States Aurobindo Pharma Generic drug Dermatology
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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