Novartis buys Avexis for $8.7bn

Jun 27, 2018 •

Avexis, which is commercialising research from Ohio State University and Nationwide Children's Hospital, has been acquired by Novartis for $8.7bn.

Avexis, a US-based neurological disease treatment developer commercialising Ohio State University (OSU) research, completed an acquisition deal today with pharmaceutical firm Novartis for $8.7bn.
The acquisition was first announced last month, when OSU revealed its remaining stake in the business was worth approximately $2.7m. Avexis has ceased trading on the Nasdaq Global Select Market and has become an indirect, wholly-owned subsidiary of Novartis.
Avexis is working on gene therapy treatments for rare and potentially fatal neurological genetic…

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