Novartis buys Medicines Co. in $9.7B bet on cholesterol drug

Novartis buys Medicines Co. in $9.7B bet on cholesterol drug

Source: 
Biopharma Dive
snippet: 

Novartis will buy cholesterol drug developer The Medicines Company for $9.7 billion, the latest and largest in a string of deals under CEO Vas Narasimhan aimed at reshaping the Swiss pharmaceutical company around newer technologies and higher-margin prescription therapies.