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Novartis Makes a Deal That Should Go Down Easy [The New York Times]

ADVANCED ACCELERATOR APPLICATIONS SA AMERICAN DE (AAAP)  More Company Research Source: The New York Times
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 Photo A Novartis plant in Stein, Switzerland. The company said it would acquire Advanced Accelerator Applications, a developer of cancer treatments. Credit Arnd Wiegmann/Reuters Novartis’s latest acquisition target , Advanced Accelerator Applications, is a spinoff from the organization in charge of the Large Hadron Collider, which smashes particles together at near-light speed. The planned $3.9 billion purchase is less dramatic, but it should tick most investors’ financial boxes. Advanced Accelerator’s main product, Lutathera, is a radiation therapy that targets and breaks down a kind of stomach tumor. The deal meets the stated preference of Novartis’s chief executive, Joseph Jimenez, for bolt-on transactions worth up to $5 billion — all the more sensible because he’s leaving in February and handing over to Vasant Narasimhan, global head of drug development. As well as being modest in size next to Novartis’s market value of over $ [Read more]

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