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NVS Novartis AG

107.07
0.00 (0.00%)
27 Jun 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
  0.00 0.00% 107.07 0 01:00:00

Sandoz to Acquire Cimerli Business from Coherus for $170 Million

22/01/2024 6:59am

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By David Sachs

 

Sandoz will buy vision-impairment drug Cimerli from Coherus BioSciences for $170 million.

The Swiss pharmaceutical company said Monday that the purchase of the U.S. company's medication includes a biologics license, product inventory, and ophthalmology sales, as well as access to proprietary commercial software.

The medication, which treats serious eye conditions including macular degeneration, is interchangeable with Lucentis, a drug developed by Genentech. Sandoz expects to close the deal in the second half of this year.

 

Write to David Sachs at david.sachs@wsj.com

 

(END) Dow Jones Newswires

January 22, 2024 01:44 ET (06:44 GMT)

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

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