CSL buys flu vaccine maker

CSL is buying Novartis' influenza vaccine business for US$275m. Once it's combined with CSL’s vaccine division, bioCSL, the combined operations will ‘create the number two global player in the US$4 billion global influenza vaccine industry, with manufacturing plants in the US, UK, Germany and Australia, a diversified product portfolio and strong pre-pandemic and pandemic franchises in its major centres of operation.’ Despite sales of US$527m for the year to December 31, Novartis produced an operating loss of US$138m. Restructuring costs are estimated to be around US$100m; however, CSL expects to save up to US$75m a year by cutting duplicated administration and research costs....

CSL is buying Novartis' influenza vaccine business for US$275m. Once it's combined with CSL’s vaccine division, bioCSL, the combined operations will ‘create the number two global player in the US$4 billion global influenza vaccine industry, with manufacturing plants in the US, UK, Germany and Australia, a diversified product portfolio and strong pre-pandemic and pandemic franchises in its major centres of operation.’

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