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NVS Novartis AG

97.27
-0.07 (-0.07%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Novartis AG NYSE:NVS NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.07 -0.07% 97.27 97.91 97.07 97.75 1,045,674 01:00:00

Cytokinetics Shares Jump 16% After WSJ Report of Novartis Deal

08/01/2024 6:43pm

Dow Jones News


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By Ben Glickman

 

Shares of Cytokinetics jumped Monday after the Wall Street Journal reported the company was close to being bought by Novartis.

The stock was up 16% to $109.22 after the news broke, reversing declines earlier in the day. Shares have more than doubled in the last year.

A deal could be finalized as soon as this week, people familiar with the situation told WSJ. Cytokinetics has been running a sale process and another buyer could potentially emerge.

Novartis shares were down 0.4% to $105.90.

Cytokinetics shares surged last month after releasing positive data for a potential treatment for hypertrophic cardiomyopathy, a genetic heart condition.

 

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

January 08, 2024 13:28 ET (18:28 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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