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Novartis and GSK to exchange assets and launch joint venture

<b>Novartis and GlaxoSmithKline, two of the world's top drugmakers, have struck a multi-billion-dollar deal to join forces and reshape their businesses.</b><p>The deal involves swapping assets and combining their consumer health units.<p>Novartis will acquire GSK's cancer drugs business for $16bn (£9.5bn) and …