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Stock impact report

The Multibillion-Dollar Race for Gene Therapy Manufacturing Is On [The Motley Fool]

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: The Motley Fool
The Multibillion-Dollar Race for Gene Therapy Manufacturing Is On Gene therapy developers might steal all of the headlines, but manufacturing is likely to be the more lucrative investing opportunity -- for both companies and investors. Gene therapy, a promising therapeutic approach that corrects disease-causing genetic errors, has spurred an arms race among the world's largest pharmaceutical companies. Novartis ( NYSE:NVS ) announced the acquisition of AxeVis for a whopping $8.7 billion in 2018. Roche ( NASDAQOTH:RHHBY ) agreed to acquire gene therapy developer Spark Therapeutics for $4.8 billion in early 2019. One week later, Biogen ( NASDAQ:BIIB ) joined the party by pledging $800 million to gobble up Nightstar Therapeutics . Gene therapy stocks soared on the frenzy, and many have held on to deliver impressive gains since the beginning of the year. But the arms race isn't what it appears. True, Novartis and its peers are eyeing the obvious financial opportunity to sell correctiv Show less Read more
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