Novartis, the Swiss pharmaceuticals company, has acquired the worldwide adult medical nutrition business of Mead Johnson & Company for $385m (€312m).

A statement from Novartis said that the acquisition gives it "a strong presence in the fast-growing US retail channel for medical nutrition products."

David Rothnie

Bristol-Myers Squibb

Mead Johnson

Novartis

JP Morgan

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CSFB advises Novartis on $385m US entry

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