The Multibillion-Dollar Race for Gene Therapy Manufacturing Is On [The Motley Fool]
Novartis AG (NVS)
Last novartis ag earnings: 4/28 01:00 am
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Source: The Motley Fool
The Multibillion-Dollar Race for Gene Therapy Manufacturing Is On Gene therapy developers might steal all of the headlines, but manufacturing is likely to be the more lucrative investing opportunity -- for both companies and investors. Gene therapy, a promising therapeutic approach that corrects disease-causing genetic errors, has spurred an arms race among the world's largest pharmaceutical companies. Novartis ( NYSE:NVS ) announced the acquisition of AxeVis for a whopping $8.7 billion in 2018. Roche ( NASDAQOTH:RHHBY ) agreed to acquire gene therapy developer Spark Therapeutics for $4.8 billion in early 2019. One week later, Biogen ( NASDAQ:BIIB ) joined the party by pledging $800 million to gobble up Nightstar Therapeutics . Gene therapy stocks soared on the frenzy, and many have held on to deliver impressive gains since the beginning of the year. But the arms race isn't what it appears. True, Novartis and its peers are eyeing the obvious financial opportunity to sell correctiv
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- Velocity targets Latin America expansion with the appointment of Renata Berardocco as LATAM Managing Director [Yahoo! Finance]Yahoo! Finance
- Swiss pharma giant Novartis says 30 pipeline drugs with ‘significant potential' will drive long-term growth [Fortune]Fortune
- BerGenBio Appoints Olav Hellebø as CEO [Yahoo! Finance]Yahoo! Finance
- Vyriad announces strategic collaboration with Novartis to develop in vivo CAR-T cell therapies [Yahoo! Finance]Yahoo! Finance
- NUCLIDIUM Appoints Tony Rosenberg as Chairman of the Board [Yahoo! Finance]Yahoo! Finance
NVS
Earnings
- 10/29/24 - Beat
NVS
Sec Filings
- 10/29/24 - Form 6-K
- 10/29/24 - Form 6-K
- 9/18/24 - Form 6-K
- NVS's page on the SEC website