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Novartis bets $9.7B on cholesterol drug

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Novartis AG penned a $9.7 billion purchase deal for Medicines Co.

Bloomberg reports the acquisition focuses mostly on a single treatment: experimental cholesterol drug inclisiran.

Similarly, last year Novartis gained muscle disease gene therapy Zolgensma by buying drugmaker AveXis Inc. for $8.7 billion.

Read more from Bloomberg.

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