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Novartis to buy France's Advanced Accelerator for $3.9b [FOX Business Network]

ADVANCED ACCELERATOR APPLICATIONS SA AMERICAN DE (AAAP)  More Company Research Source: FOX Business Network
Last advanced accelerator applications sa american de earnings: 8/31 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: adacap.com/investor-relations
PDF Swiss drugmaker Novartis on Monday offered to buy France's Advanced Accelerator Applications in a $3.9 billion cash deal to strengthen the oncology portfolio at the world's biggest maker of prescription medicines. Continue Reading Below Basel-based Novartis's offer of $41 per ordinary share and $82 per American depositary share represents a 47 percent premium to AAA's price before media reports on Sept. 27 that Novartis was interested. It said it would finance the deal with debt. Novartis is seeking to add AAA's radiopharmaceuticals that use trace amounts of radioactive compounds to not only create functional images of organs and lesions but also to treat diseases like cancer. AAA's flagship product, Lutathera, won European Union backing in late September for use against gastroenteropancreatic neuroendocrine tumours, the kind of cancer that killed Apple founder Steve Jobs. Novartis has a strong legacy in the development and commercialisation of medici [Read more]

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