Novartis AG Acquires Calypso Biotech BV

January 9, 2024

Calypso Biotech BV, focused on IL-15 targeted therapies for autoimmune diseases, agreed to be acquired by Novartis AG. Under the deal terms, Calypso shareholders will receive an upfront payment of $250 million at closing plus potential development milestones of up to $175 million.

Buyers
Novartis AG
Targets
Calypso Biotech BV
Industry
Pharmaceuticals
Location
Belgium
Transaction Type
Buyout

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