Novartis AG the Latest to Join the Asset-Selling Party as it Looks to Offload $496 Million CNS Drugs

Novartis is in talks about the sale of some older neuroscience drugs, people close to the matter said, as the Swiss drugmaker clears the decks to concentrate on promising new medicines it hopes will help to restore sales growth.

The assets may be valued at more than 500 million Swiss Francs ($496 million) in a potential deal, the people said.

Novartis did not immediately return phone calls and emails seeking comment.

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