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Dtx Pharma Announces Acquisition By Novartis

PUBLIC · NVSJul 17, 2023

Acquiring Company

Novartis

Acquired Company

DTx Pharma, Inc.

SwitzerlandSan DiegoBiotechnologyHealth CarepharmaceuticalsBiotechnologyHealthcareHealth CareTherapeutics

Description

DTx Pharma, a preclinical stage biotechnology company addressing the delivery challenges of oligonucleotide therapeutics with its Fatty Acid Ligand Conjugated OligoNucleotide (FALCONTM) platform, announced today that it has been acquired by Novartis. The FALCON platform enables the delivery and activity of small interfering RNA (siRNA) therapeutics to tissues beyond the liver, enhancing biodistribution and cellular uptake. DTx Pharma's lead program is currently in preclinical development, with FDA Orphan Drug Designation, for the treatment of Charcot-Marie-Tooth Disease Type 1A (CMT1A). CMT1A is a progressive, neuromuscular, autosomal-dominant disease that can lead to life-long loss of muscle function and disability.

Quick answer

Novartis is acquiring DTx Pharma, Inc., announced July 17, 2023. Novartis is based in Switzerland.

Who acquired DTx Pharma, Inc?
Novartis agreed to acquire DTx Pharma, Inc. on July 17, 2023.
How much did Novartis pay for DTx Pharma, Inc?
The deal value was not disclosed.
What does Novartis do?
Novartis AG is a Swiss multinational pharmaceutical company headquartered in Basel.
Where are Novartis and DTx Pharma, Inc. based?
Novartis is based in Switzerland. DTx Pharma, Inc. is based in San Diego, California, United States.
Who are the decision-makers at Novartis?
Fundz holds 1 contact at Novartis. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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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 DTx Pharma, Inc.?

DTx Pharma, Inc. was acquired by Novartis, based in Switzerland. The deal was reported on July 17, 2023. Novartis AG is a Swiss multinational pharmaceutical company headquartered in Basel. Novartis is publicly traded (NVS) and operates in Biotechnology.

When did Novartis acquire DTx Pharma, Inc.?

Novartis's acquisition of DTx Pharma, Inc. was reported on July 17, 2023. DTx Pharma, a preclinical stage biotechnology company addressing the delivery challenges of oligonucleotide therapeutics with its Fatty Acid Ligand Conjugated OligoNucleotide (FALCONTM) platform, announced today that it has been acquired by Novartis. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does DTx Pharma, Inc. do?

DTx Pharma, Inc. It is privately held, operating in Biotechnology, and is based in San Diego.

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