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New Deal


Announced

Completed

Novartis completed the acquisition of DTx Pharma for $1bn.

Financials

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Transaction Value£763m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

biotechnology

Majority

Completed

Friendly

Biotechnology

Acquisition

Cross Border

Private

Single Bidder

Synopsis

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Novartis, a multinational pharmaceutical company, completed the acquisition of DTx Pharma, a privately held biotechnology company, for $1bn. Financial terms were not disclosed. “We look forward to continuing the development of DTx’s therapeutic programs and bringing new hope to patients with neuromuscular and other neurological disorders for which there have historically been few treatment options. We are also excited to bring DTx’s FALCON technology to Novartis and explore its potential to deliver drugs to extrahepatic tissues,” Fiona Marshall, Novartis Institutes for BioMedical Research President.

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