Novartis Corporation Says Will Not Pay More Asthma Royalties To Genentech, Inc.

ZURICH, Nov 10 (Reuters) - Swiss drugmaker Novartis AG (NOVN.VX: Quote, Profile, Research) will not pay more royalties for asthma drug Xolair if U.S. biotech firm Genentech Inc. (DNA.N: Quote, Profile, Research) buys Tanox Inc. (TNOX.O: Quote, Profile, Research) as planned.

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