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Quest buys SmithKline's laboratory business for $1.3 billion - Update

This article was originally published in Clinica

Executive Summary

SmithKline Beecham has sold its $1.6 billion turnover clinical laboratories business to Quest Diagnostics for $1.3 billion in cash and stock. The move is part of SmithKline's divestiture of two parts of its healthcare business. It has also sold Diversified Pharmaceuticals Services for $700 million.

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