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0 0 0.000576978555630234 0.000384652370420156 0.00288489277815172 0.00163477257428587 0.00403884988941232 0.00250024040773115
Stock impact report

Novartis acquires Kate Therapeutics to advance gene therapies [Yahoo! Finance]

Novartis AG (NVS) 
Last novartis ag earnings: 4/28 01:00 am Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
Company Research Source: Yahoo! Finance
The deal includes an upfront payment in cash with added payments contingent on achieving certain milestones. Kate Therapeutics is a preclinical-stage biotechnology company that focuses on adeno-associated virus (AAV)-based gene therapies. The acquisition adds the company's preclinical candidates for Duchenne muscular dystrophy, facioscapulohumeral dystrophy and myotonic dystrophy type 1 to Novartis' portfolio. Novartis Neuroscience Research global head Robert Baloh stated: “This acquisition builds on our expertise and leadership in neuroscience drug discovery and brings to Novartis talent, expertise and capabilities that are highly complementary to our ongoing internal efforts. “It reflects our commitment to addressing unmet medical needs in neuroscience and tackling the limitations of existing gene therapies for patients with inherited neuromuscular conditions.” The company's technology platforms deliver payloads to specific tissues, potentially reducing unintended effects Show less Read more
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