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

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Novartis to acquire Chinook Therapeutics for US$3.2 B to Bolster Kidney Disease Portfolio

Lucy Haggerty

Abstract


In a bid to bolster its rare kidney disease portfolio, Novartis has agreed to acquire Chinook Therapeutics for US$3.2 B upfront. Through the deal, the big pharma gains access to Chinook’s lead clinical stage assets, atrasentan and zigakibart, for the treatment of IgA nephropathy as well as a pipeline of precision medicines for other rare, chronic kidney diseases. The acquired assets complement Novartis’ existing renal portfolio which consists of investigational candidate, iptacopan, for paroxysmal nocturnal haemoglobinuria.

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