Novartis to acquire cancer-centric MorphoSys for $2.9 billion
Tue, Feb 6, 2024 1:07 PM

Novartis to acquire cancer-centric MorphoSys for $2.9 billion

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Novartis is acquiring cancer treatment developer MorphoSys for 2.7 billion euros, adding a new rare bone-marrow cancer treatment to their portfolio. This deal will take MorphoSys private and is contingent on certain conditions. Novartis will own pelabresib, a promising drug used to fight deadly cancers. MorphoSys management recommends shareholders accept the offer and plan to file.

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