Pharmamarketeer

Novartis acquires The Medicines Company in a deal worth $9.7 billion

Novartis agreed a $9.7 billion deal to acquire the US-based The Medicines Company, it announced Sunday. The transaction was unanimously approved by the boards of both companies and Novartis will pay $85 per share.

This takeover comes following The Medicines Company presenting the results of successful late stage trials of its cholesterol-lowering drug inclisiran this month.

 

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