Vas Narasimhan, Novartis CEO (Simon Dawson/Bloomberg via Getty Images)

No­var­tis snaps up the rights to a Covid-19 an­tivi­ral af­ter see­ing mid-stage re­sults. So where are the da­ta?

Near­ly two months af­ter get­ting the boot from the NIH’s AC­TIV-3 study over a failed fu­til­i­ty analy­sis, No­var­tis and Mol­e­c­u­lar Part­ners are back with mid-stage re­sults they say prove their Covid-19 an­tivi­ral works bet­ter in pa­tients who aren’t hos­pi­tal­ized — and CEO Vas Narasimhan likes what he sees.

The phar­ma gi­ant is putting down more than $162 mil­lion to in-li­cense enso­vibep from Mol­e­c­u­lar Part­ners af­ter the can­di­date met its pri­ma­ry end­point of vi­ral load re­duc­tion over eight days in the first part of a Phase II/III study, the part­ners an­nounced on Mon­day.

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