Shares of Gene Therapy Firm AveXis Surge on Novartis’ Buyout
Novartis (NVS) has agreed to pay $218/share for gene therapy firm AveXis (AVXS), a 88% premium to April 6th’s closing price. This gives Novartis, a Swiss drug giant, several treatments for rare diseases based on gene therapy.
Vas Narasimhan stated on a conference call, “We’re in a journey to focus Novartis as a medicines company powered by data and digital.”
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