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Cadent Therapeutics : Enters Agreement to be Acquired by Novartis

Cadent Therapeutics : Enters Agreement to be Acquired by Novartis
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Jodie Morrison , Cadent Therapeutics , Luc Therapeutics , Ataxion Therapeutics , Chief Executive Officer , ஜோடி மோரிசன் , லூக் சிகிச்சை , தலைமை நிர்வாகி அதிகாரி ,

Novartis to buy Clal Biotech portfolio co Cadent for $770m


Novartis to buy Clal Biotech portfolio co Cadent for $770m
Clal Biotechnology has a 13% stake in the US company, which is developing a portfolio of neuroscience and psychiatric drugs candidates.
Pharmaceutical giant Novartis has agreed to acquire Clal Biotechnology Industries Ltd. (TASE: CBI) portfolio company Cadent Therapeutics for up to $770 million. Clal Biotechnology has a 13% stake in Cadent, which is developing a portfolio of neuroscience and psychiatric drug candidates for the treatment of cognitive, mood and movement disorders.
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Cadent will receive a $210 million upfront payment from Novartis, and up to a further $560 million in milestone payments.
Clal Biotechnology, which is led by CEO Ofer Gonen, had several US companies, including Cadent Therapeutics, merged into its Israeli portfolio by its controlling shareholder Len Blavatnik, who wanted all his biotech assets to be managed by one entity. ....

Len Blavatnik , Ofer Gonen , Clal Biotechnology Industries Ltd , Clal Biotechnology Industries , Cadent Therapeutics ,

Investegate |Saniona AB Announcements | Saniona AB: Saniona was informed today that Novartis plans to acquire Cadent Therapeutics, in which Saniona holds an ownership stake of approximately 3%


Saniona AB
Saniona was informed today that Novartis plans to acquire Cadent Therapeutics, in which Saniona holds an ownership stake of approximately 3%
Saniona was informed today that Novartis plans to acquire Cadent Therapeutics, in which Saniona holds an ownership stake of approximately 3%
PRESS RELEASE
December 17, 2020
Saniona (OMX: SANION), a clinical stage biopharmaceutical company focused on rare diseases, today announced it was informed that Novartis plans to acquire Cadent Therapeutics, in which Saniona holds an ownership stake of approximately 3%. The financial impact of this potential acquisition to Saniona is not known at this time.
Novartis and Cadent each announced today that Novartis intends to acquire all of the outstanding capital stock of Cadent. Upon the closing of the transaction, Cadent will receive a $210 million upfront payment and will be eligible for up to $560 million in milestone payments, for a total potential consideration of $ ....

United States , Trista Morrison , Atlas Venture Inc , Cadent Therapeutics , Atlas Venture , Luc Therapeutics , Chief Communications Officer , Nasdaq Stockholm Small Cap , ஒன்றுபட்டது மாநிலங்களில் , ட்ரிஸ்டா மோரிசன் , அட்லஸ் துணிகர இன்க் , அட்லஸ் துணிகர , லூக் சிகிச்சை , தலைமை தகவல்தொடர்புகள் அதிகாரி , நாஸ்டாக் ஸ்டாக்‌ஹோல்ம் சிறிய தொப்பி ,

Novartis to buy Cadent for up to $770 million

Novartis to buy Cadent for up to $770 million
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United States , Olivia Bugault , Cadent Therapeutics , ஒன்றுபட்டது மாநிலங்களில் ,