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flag GIC and Temasek acquire a significant stake in clinical research firm Novotech, valued at over $3 billion.

flag GIC and Temasek, Singapore's sovereign wealth funds, have acquired a significant stake in Novotech, a clinical research firm, with TPG also reinvesting. flag The deal, valuing Novotech at over $3 billion, aims to accelerate the company's global expansion, particularly in Asia-Pacific, US, and Europe. flag Novotech, with over 30 offices, specializes in clinical trials for biotech and small pharmaceutical companies.

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