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Novartis invests in Selexys with exclusive option to acquire the company; option exercised

Executive Summary

Novartis Pharmaceuticals Corp. has been granted an exclusive option to acquire closely held Selexys Pharmaceuticals Corp. (therapeutics for inflammatory and thrombotic diseases) after it completes a Phase II study of the anti-P-selectin antibody SelG1, which recently finished Phase I for vaso-occlusive crisis, a major complication in patients with sickle cell disease.
Deal Industry
  • Biotechnology
    • Large Molecule
      • Antibodies
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Includes M&A Option
    • Includes Equity

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