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NVS Novartis AG

99.04
1.31 (1.34%)
Last Updated: 18:09:35
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
  1.31 1.34% 99.04 99.075 98.54 98.60 671,495 18:09:35

Novartis Acquires Amblyotech for Undisclosed Sum

20/04/2020 7:05am

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Novartis (NYSE:NVS)
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   By Jessica Sier 
 

Novartis AG said Monday that it has acquired U.S.-based startup Amblyotech for an undisclosed sum.

The Swiss biotech company will partner with Ubisoft and McGill University to further develop a treatment of amblyopia, a lazy-eye disorder.

Amblyotech offers active-gaming and passive-video technology to train the eyes to view an image in full, said Novartis.

The Swiss company aims to develop Amblyotech's software into a medical device and conduct a proof of concept study.

 

Write to Jessica Sier at jessica.sier@wsj.com

 

(END) Dow Jones Newswires

April 20, 2020 01:50 ET (05:50 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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