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Novartis in $1 Billion Deal for DTx Pharma, an siRNA Company Incubated by Viva BioInnovator

publication date: Jul 19, 2023

Novartis signed a $1 billion agreement to acquire DTx Pharma, a preclinical San-Diego company developing siRNA therapies for neuroscience indications. DTx was invested and incubated by Viva BioInnovator, a San Diego-China CRO/incubator that develops biotech start-ups in China and the US. The incubator is an arm of Shanghai’s Viva Biotech, which offers full-service CRO/CDMO services. DTx’s lead program is a preclinical siRNA aimed at Charcot-Marie-Tooth Disease Type 1A (CMT1A). DTx Pharma shareholders will receive $500 million upfront and up to $500 million in milestones. More details....

Stock Symbol: (NYSE: NVS)

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