Novartis To Acquire Mead Johnson’s Adult Medical Nutrition Business

Novartis, Basel, Switzerland, recently announced plans to acquire the brands, trademarks, patents and intellectual property assets of Evansville, IN-based Mead Johnson & Company’s global adult medical nutrition business in a $385 million cash transaction. According to Novartis, the completion of the transaction will offer it a strong presence in the U.S. retail channel for medical nutrition products, expand its existing institutional medical nutrition business and enhance its access to the Japanese market. Significant brands to be acquired included Boost®, a liquid nutritional product designed to meet the caloric and nutritional requirements of the adult population; Isocal®, an isotonic tube-feeding formula used to help patients manage inadequate voluntary oral intake due to conditions including cancer, anorexia and stroke and Ultracal®, a general tube-feeding formula for patients requiring dietary fiber to help normalize bowel functions.