Novartis to buy experimental breast cancer drug in up to $3 billion deal [Yahoo! Finance]
Novartis AG (NVS)
Last novartis ag earnings: 4/28 01:00 am
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Source: Yahoo! Finance
firm ?Synnovation Therapeutics, adding a targeted therapy to its pipeline of cancer drugs. The ?company will pay $2 billion upfront and up to $1 billion that is contingent on further development achievements as part of the deal. The experimental drug, SNV4818, belongs to a class of selective ?PI3Ka inhibitors, a new ?approach for the treatment of a type of breast cancer known as HR positive/HER2 negative ?and potentially other solid tumours. The acquisition adds to a growing pipeline of targeted cancer therapies, including a radioligand therapy candidate, ?that Novartis ?is already testing. SNV4818 ?is currently in early-stage trials ?and has shown promising activity against tumors in lab studies, Novartis said. Synnovation's drug targets only the mutated form of PI3Ka, an enzyme that often malfunctions in breast and other forms of cancer, while sparing the normal version found ?in healthy cells. And it aims ?to avoid the side effects seen ?with existing PI3Ka-inhibiting ?ther
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NVS
News
- Novartis Strikes $3B Oncology Deal for Breast Cancer Asset [Yahoo! Finance]Yahoo! Finance
- Novartis to acquire SNV4818 from Synnovation [Yahoo! Finance]Yahoo! Finance
- Novartis to buy experimental breast cancer drug in up to $3 billion deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- Novartis agrees to acquire a pan-mutant-selective PI3Ka inhibitor, strengthening its breast cancer pipeline [Yahoo! Finance]Yahoo! Finance
- Novartis to Acquire Synnovation Therapeutics' Pan-Mutant Selective PI3Ka Inhibitor Program [Yahoo! Finance]Yahoo! Finance
NVS
Earnings
- 2/4/26 - Beat
NVS
Sec Filings
- 3/18/26 - Form 6-K
- 3/17/26 - Form FWP
- 2/12/26 - Form 144
- NVS's page on the SEC website