ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

NVS Novartis AG

97.44
-1.62 (-1.64%)
27 Apr 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
  -1.62 -1.64% 97.44 98.22 97.44 97.76 1,562,845 01:00:00

Knight Therapeutics to Buy Regional Rights to Exelon

23/04/2021 1:41pm

Dow Jones News


Novartis (NYSE:NVS)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Novartis Charts.

By Michael Dabaie

 

Knight Therapeutics Inc. said it would acquire the exclusive rights to manufacture, market and sell Exelon in Canada and Latin America from Novartis AG.

Montreal-based Knight said it is also acquiring an exclusive license to use the intellectual property and the Exelon trademark within the territory.

Exelon is a prescription product first approved in 1997 and is currently registered and sold in about 90 countries. Exelon is indicated for mild to moderately severe dementia in people with Alzheimer's disease.

Knight will pay $168 million in cash and an additional milestone payment of up to $12 million.

Exelon had annual revenue for 2020 of about $47 million for Canada and Latin America, Knight said.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

April 23, 2021 08:26 ET (12:26 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Novartis Chart

1 Year Novartis Chart

1 Month Novartis Chart

1 Month Novartis Chart

Your Recent History

Delayed Upgrade Clock