GSK to sell US Wellbutrin XL rights to Biovail for $510 million

GlaxoSmithKline is to sell the US rights to its antidepressant Wellbutrin XL (bupropion hydrochloride extended-release tablets) to Biovail for $510 million.

GlaxoSmithKline is to sell the US rights to its antidepressant Wellbutrin XL (bupropion hydrochloride extended-release tablets) to Biovail for $510 million.

The move will help shake up GSK's US pharmaceutical business, which accounts for more than 40% of its total pharmaceutical business, but has been particularly hard hit by generic...

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