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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 |
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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