Novartis has agreed to acquire London biotech Myricx Bio for up to $1.5 billion, believing on its NMT inhibitor payload as a possible answer to ADC drug resistance.

The deal hands over two ADCs with a different mechanism of action targeting cell growth, and marks Novartis' entry into ADC development.

Sofinnova Partners Announces Myricx Bio Agrees to Be Acquired by Novartis