Aspen adds $1 bln deal with Merck to drug acquisition drive

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Aspen adds $1 bln deal with Merck to drug acquisition drive

By Tosin Sulaiman and Tiisetso Motsoeneng JOHANNESBURG (Reuters) - South Africa's Aspen Pharmacare said on Thursday it would acquire drugs and a manufacturing business from U.S. drugmaker Merck in a $1 billion deal to bolster its presence in Europe, Latin America and Asia. Africa's biggest maker of generic drugs has been on an aggressive acquisition trail this year that has broadened its offering of medicine in fast-growing regions such as Latin America and southeast Asia and lifted its share price. ...

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