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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

Gene-Therapy Stocks Get Boost as Analysts Speculate Novartis' Next Target -- Market Mover

09/04/2018 5:59pm

Dow Jones News


Novartis (NYSE:NVS)
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Gene-therapy companies got a boost during Monday trading after Novartis AG's (NVS) $8.7 billion deal to buy AveXis Inc. (AVXS), making good on CEO Vasant Narasimhan's promise to strike deals to refocus the company. Analysts at Chardan said Regenxbio Inc. (RGNX), Spark Therapeutics Inc. (ONCE) and Nightstar Therapeutics PLC (NITE) could be among the company's next targets. Regenxbio shares jumped 22% to $33.05 during Monday trading, while Spark shares rose 14% to $70.75 and rand Nightstar rose 8.1% to $12.65. (imani.moise@wsj.com; @moisenoise)

 

(END) Dow Jones Newswires

April 09, 2018 12:44 ET (16:44 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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