Novartis made an offer to acquire CellforCure from LFB.

Novartis made an offer to acquire CellforCure from LFB. CellforCure, a French company, is one of the first and largest contract development and manufacturing organizations producing cell and gene therapies in Europe. If the offer is accepted, CellforCure would become a wholly owned Novartis manufacturing site. Financial terms were not disclosed. The proposed acquisition of CellforCure is another strategic step in our pursuit of additional manufacturing capacity to make our transformational CAR-T cell therapy Kymriah available to more patients in need around the world. If completed, this acquisition also would potentially increase manufacturing capacity for other cell and gene therapies in the Novartis pipeline. Steffen Lang, Novartis Global Head of Technical Operations.