GE to sell its biopharma business

In an effort to slim down its operations and pay off debt, General Electric has moved to sell its growing biopharma manufacturing business to Danaher. Danaher, a global science and technology innovator, would pay $21.4 billion in the deal which Danaher plans to have operate as a standalone business. The unit is expected to bring in about $3.2 billion in 2019 sales.

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