Novartis says 'non': Transgene becomes first megadeal casualty

Novartis has decided it will not be exercising its option for Transgene's targeted cancer immunotherapy TG4010 MUC1 which is in Phase II development for non-small cell lung cancer (NSCLC).

Novartis has decided it will not be exercising its option for Transgene's targeted cancer immunotherapy TG4010 MUC1 which is in Phase II development for non-small cell lung cancer (NSCLC).

Transgene's shares were trading at €9.44, 14% down compared with the previous day's close, at 1pm GMT (29 April) on the news.

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