Novartis buys Aspen's Japanese generic unit for up to 400 million euros

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Novartis buys Aspen's Japanese generic unit for up to 400 million euros
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Novartis is buying the Japanese generics unit of South Africa's Aspen Pharm...

) in a deal worth up to 400 million euros to expand in the world’s third-biggest drug market, the Swiss drugmaker said on Monday.

Aspen Pharmacare has abandoned its dividend this year and is selling assets to pay down debt after levels moved close to breaching debt covenants.

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