The End of Chiron
Novartis Corporation was the result of a merger between Sandoz Laboratories and Ciba-Geigy in 1994 and owned slightly less than half of Chiron as part of a Federal Trade Commission order. Several of Sandoz’s subsidiaries were sold off for reasons of anti monopoly legislation. In 2005, Novartis made an offer to buy Chiron. Initially this offer was rebuffed, but after the bid was substantially enhanced, Chiron was sold, and became part of Novartis in April, 2006.
Read more about this topic: Chiron Corporation
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