Pharma Deals Review, Vol 2023, No 6 (2023)

Font Size:  Small  Medium  Large

Novartis Buys Avrobio’s Rare Disease Gene Therapy for US$87.5 M

Lucy Haggerty

Abstract


In order to bolster its gene therapy pipeline, Novartis has agreed to pay US$87.5 M in cash for Avrobio’s investigational haematopoietic stem cell (HSC) gene therapy programmes for the treatment of cystinosis. The deal is driven by Avrobio’s Phase I/II gene therapy, AVR-RD-04, which has already demonstrated promising efficacy in patients with previously treated cystinosis. After a turbulent few months for the biotech, the deal provides Avrobio with the funds to extend its operating runway and validation of its HSC gene therapies and plato® technology.

Full Text: pdf html

Add comment

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.