Novartis Acquires DTx Pharma
July 17, 2023
Novartis has acquired DTx Pharma, a San Diego–based preclinical biotechnology company, for an upfront payment of USD 500 million plus contingent milestone payments. The deal brings DTx's FALCON siRNA delivery platform and lead program DTx-1252 (orphan-designated for CMT1A) into Novartis to strengthen its neuroscience pipeline and xRNA capabilities.
- Buyers
- Novartis
- Targets
- DTx Pharma
- Industry
- Biotechnology
- Location
- California, United States
- Transaction Type
- Buyout
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