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Announced

Completed

Novartis completed the acquisition of Amblyotech.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Health Care Services

Majority

Completed

digital therapeutics

United States

Single Bidder

Private

Synopsis

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Novartis, a Swiss multinational pharmaceutical company, completed the acquisition of Amblyotech, a clinical-stage digital therapeutics company. Financial terms were not disclosed. "The acquisition by Novartis provides the Amblyotech technology with the opportunity to immediately benefit from Novartis's expertise in clinical development, regulatory and commercialization to help the portfolio reach its full potential," Robert Derricotte, Amblyotech COO.

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