Notizia - Recent Pharma, Healthcare and Biotech Happenings

With $496M CNS sale, Novartis joins other Pharma companies casting off tired meds The latest Big Pharma to join the asset-sale party is Novartis, which is in talks to offload some of its older central nervous system (CNS) drugs, including Ritalin for attention deficit disorder and Exelon patch for Alzheimer’s. The portfolio could bring in as much as $496 million, and potential buyers include Endo, Mallinckrodt and generic drug makers. Novartis is far from the only company thinking along those lines. AstraZeneca, in fact, has turned asset selling into a cottage industry, casting off the international rights to two heart-disease drugs for $500 million earlier this year, ...