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0.000121094696052375 0.00217970452894171 0.00151368370065391 0.000544926132235429 0.00172559941874544 0.000575199806248479 -0.000666020828287632 -0.000302736740130679
Stock impact report

Nonprofit models support strategic boldness to develop gene therapies for rare diseases [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
Gene therapies represent a fundamental approach to tackling the root cause of many rare diseases, since roughly 80% are genetic. While cell and gene therapies (CGTs) have faced a challenging investor environment in recent years, nonprofit organisations can offer a lifeline to the longevity of the sector. One such example is the Italian non-profit organisation Fondazione Telethon (FT), which developed the first gene therapy to gain approval in Wiskott-Aldrich Syndrome. To provide access to treatment in a sustainable way, FT will commercialise the therapy to generate revenue that can be reinvested in the company. FT is not the only non-profit in Europe with its sights set on bringing gene therapies to patients with a rare disease. French R&D company Généthon is investigating 12 gene therapies in clinical trials across neuromuscular, blood and metabolic disorders. The nonprofit also specialises in developing new vector technologies; optimising bioproduction methods for cost reduction Show less Read more
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