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Stock impact report

Novartis to pay up to US$2 billion for US biotech firm Excellergy [BNN Bloomberg (Canada)]

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: BNN Bloomberg
A week ago it announced another deal to buy a breast cancer drug candidate for up to $3 billion from U.S. biotech firm Synnovation Therapeutics. Novartis will pay up to $2 billion in upfront and milestone payments for Excellergy, it said, adding the deal is expected to close in the second half of 2026, subject to customary conditions, including regulatory approvals. Increased range of anti-allergy drugs Excellergy's food allergy drug candidate, Exl-111, would extend Novartis' existing anti-allergy franchise, which includes its blockbuster Xolair, used for allergic asthma and other conditions, that faces increased competition in some EU markets. A biosimilar, or drug similar to one already approved, was introduced to EU markets late last year after some patents expired for Xolair, which is sold by Novartis outside the U.S. and by Swiss peer Roche's Genentech in the United States. Like Xolair, Exl-111 also targets the immune system's IgE antibodies but is longer-acting and de Show less Read more
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