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-0.000267916945746956 -0.00070328198258552 0.00087073007367713 0.000636302746148686 -0.000334896182183599 -6.09511051575209E-05 -4.48760884125589E-05 -0.00133958472873421
Stock impact report

Novartis Agrees Up to $2B Excellergy Deal Amid Generic Pressure [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
Novartis ( NYSE:NVS ) is leaning further into immunology, agreeing to acquire biotech firm Excellergy Inc. for up to $2 billion as it looks to reinforce its pipeline in food allergies and related conditions. The transaction includes upfront and milestone-based payments, though the company did not provide a detailed breakdown. Shares were little changed in early trading in Zurich after gaining 9% year to date. Excellergy's lead candidate remains in early-stage testing and targets the Immunoglobulin E antibody linked to asthma, eczema, and other allergic diseases, with Novartis indicating the therapy could potentially expand symptom control across food allergies, hives, and related conditions. Warning! GuruFocus has detected 2 Warning Sign with CRWD. Is NVS fairly valued? Test your thesis with our free DCF calculator. The move extends a broader stretch of deal activity as Novartis navigates pressure from generic competition on several of its aging blockbusters. The company warned Show less Read more
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