Deal for specialist in rare diseases is biggest acquisition under chief executive Vas Narasimhan

Swiss pharmaceutical giant Novartis is nearing a deal to buy biotechnology company Avidity Biosciences for more than $70 a share, Bloomberg News reported.

Deal for specialist in rare diseases is biggest acquisition under chief executive Vas Narasimhan

L’operazione, che riguarda una società specializzata nelle malattie rare, è la più grande acquisizione realizzata sotto la guida dell’amministratore delegato Vas Narasimhan

Reforms, faster development and lower costs have turbocharged growth

Groups will need to buy mature biotechs to replace revenue lost to generic competitors

Deal for Nordic Capital-owned group would mark one of the biggest private equity exits of the year