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-0.000210437710437718 -0.000420875420875437 0.000210437710437718 -0.00147306397306403 -0.00261083052749714 0.000280583613916891 0.00266554433221097 -0.00105218855218859
Stock impact report

SciNeuro, Novartis sign $1.7 billion licensing deal to develop Alzheimer's drugs [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
develop potential antibody treatments for Alzheimer's disease, ?the biotech firm said on Monday. Under the agreement, SciNeuro will receive $165 million upfront ?and could earn up to $1.5 billion tied to development, regulatory and sales milestones along with royalties on future sales. The deal would give Novartis access to SciNeuro's proprietary technology designed to improve ?the delivery of the ?drug to the brain. SciNeuro said the approach could differentiate its antibodies from approved treatments that are ?also designed to clear sticky deposits of a protein called amyloid beta, a hallmark of Alzheimer's. The search for new treatments for Alzheimer's is ?increasingly shifting to novel approaches that treat the memory-robbing ?disease as the product of multiple, complex biological pathways and researchers and drugmakers are pursuing new targets that could slow or halt its progression. Roche recently launched late-stage trials of its drug trontinemab, which links an amyloid Show less Read more
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