Massive pharma industry deals announced

The pharmaceutical industry landscape is set for a major shake-up after the announcement of a string of takeovers, in what is being called the biggest deal in pharma history.

The multi-billion-dollar deals involve leading manufacturers Novartis, GlaxoSmithKline and Eli Lilly.

The string of takeovers and ventures by the three giant healthcare groups will see Novartis sharpen its focus on the high-grossing cancer sector, GSK boost its share in vaccines and Eli Lilly strengthen its animal health unit, according to