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Novartis acquires Kate Therapeutics to strengthen gene therapy portfolio

PUBLIC · NVSNov 21, 2024

Acquiring Company

Novartis

Acquired Company

Kate Therapeutics

SwitzerlandSan DiegoBiotechnologyHealth CarepharmaceuticalsBiotechnologyHealth CareGeneticsTherapeutics

Description

Novartis has announced the acquisition of California-based biotech company Kate Therapeutics, as part of its strategic expansion into gene therapy and neuromuscular disorder treatments. This move aligns with Novartis' goal to deliver innovative treatments and deepen expertise in gene therapy for various neuromuscular conditions, aiming to tap into the projected $55 billion cell and gene therapy market opportunity by 2030.

Other recent acquisitions in pharmaceuticals and Genetics

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Novartis

Location

2 Fabrikstrasse

Switzerland

About

Novartis AG is a Swiss multinational pharmaceutical company headquartered in Basel.

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Frequently asked

Who acquired Kate Therapeutics?

Kate Therapeutics was acquired by Novartis, based in Switzerland. The deal was reported on November 21, 2024. Novartis AG is a Swiss multinational pharmaceutical company headquartered in Basel. Novartis is publicly traded (NVS) and operates in Biotechnology.

When did Novartis acquire Kate Therapeutics?

Novartis's acquisition of Kate Therapeutics was reported on November 21, 2024. Novartis has announced the acquisition of California-based biotech company Kate Therapeutics, as part of its strategic expansion into gene therapy and neuromuscular disorder treatments. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Kate Therapeutics do?

Kate Therapeutics (KateTx) is a patient-focused biotechnology company developing adeno-associated virus (AAV)-based gene therapies to treat genetically defined muscle and heart diseases. It is privately held, operating in Biotechnology, and is based in San Diego.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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