Novartis headquarters in Basel, Switzerland (Kyle LaHucik for Endpoints News)
May 22, 2023 10:46 AM EDT
Deals
Pharma
Cell/Gene Tx

No­var­tis beefs up gene ther­a­py pipeline, spend­ing $87.5M on an Avro­bio ther­a­py

Kyle LaHucik

Senior Reporter

The ru­mors were some­what true.

No­var­tis is buy­ing a piece of the gene ther­a­py mak­er Avro­bio for $87.5 mil­lion in cash, three months af­ter

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