Novartis opts to buy Selexys Pharma | Chemical & Engineering News
Volume 94 Issue 47 | p. 15 | Concentrates
Issue Date: November 28, 2016

Novartis opts to buy Selexys Pharma

Department: Business
Keywords: pharmaceuticals, clinical trials, acquire, milestone

Novartis has acquired Selexys Pharmaceuticals, a specialist in hematological and inflammatory disease. The deal comes after successful Phase II clinical trials of Selexys’ SelG1, an antibody that treats vaso-occlusive pain in patients with sickle cell disease. The value of the deal could amount to $665 million, including an undisclosed up-front payment and milestone payments. Novartis obtained the exclusive right to acquire Selexys and SelG1 in 2012.

Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

Leave A Comment

*Required to comment