Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 19 2018

Novartis AG to acquire US-based Endocyte for $2.1 billion

The US-based firm said that the deal will help develop a broader role for radioligand therapies in cancer treatment.

Novartis AG will acquire Endocyte Inc, a US-based cancer drugmaker, in an all-cash deal for $ 24 per share, or a total equity value of about $ 2.1 billion. This acquisition will expand the radiopharmaceuticals business of the Swiss drugmaker.

The US-based firm said that the deal will help develop a broader role for radioligand therapies in cancer treatment.

With this acquisition, Novartis will investigate the potential development of a drug candidate for use in earlier lines of prostate cancer therapy.

As part of the transaction, Endocyte will be merged with a newly-formed Novartis subsidiary. The deal is likely to be completed in the first half of 2019. Until then, Endocyte will continue to operate as a separate and independent firm.

Comment
Related opportunities
  • Beauty Salons
    About Us: Instyle salon is a premium unisex salon based at..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • After School Activities
    About Us: Kumon is the world’s leading after-school enrichment programme. Founded..
    Locations looking for expansion New Delhi
    Establishment year 1958
    Franchising Launch Date 2005
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Departmental/Unisex
    About : The brand name, “Sweet Dreams” enchants the heart and..
    Locations looking for expansion Maharashtra
    Establishment year 1989
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Competitive Exam Coaching Institute
    Want to be an entrepreneur in the education sector? IBT..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities